Singapore O&G stocks ride oil rally; industry consolidation, manpower among challenges
Merger negotiations between Keppel and Sembmarine could lead to more competition, margin erosion for smaller companies, say market watchers
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE-LISTED oil and gas (O&G) players mostly turned in a positive set of results for the first half of 2021, amid a recovery in crude oil prices.
Bad weather and rebounding demand have helped push crude oil futures up this year. The October contract for ICE Brent futures is up 43.8 per cent year to date, while US West Texas Intermediate (WTI) crude futures have risen 47.2 per cent.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
