Our Economics Team’s crude oil price forecast isUS$51.80/bbl average for 2017. rising drilling works.The pipeline for tenders is also gradually filling up, of which most (i.e. Our view on long-term oil prices is unchanged at US$60-65/bbl,’’ it added.In terms of contract flows. the brokerage said so far in Q3 17, contract values were down 87% q-o-q to RM1bil. SapuraEnergy plans to release its Q2 18 (FY Jan) results later this month.

Source: The Star September 19, 2017 07:44 UTC