Oil and gas veteran’s take on oil prices


I see the Star is milking one interview for more than one article.

Dateline 2015-09-05, The Star:

IF what former Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Shamsul Azhar Abbas says is true, then the oil and gas (O&G) industry has to go through a perilous three or even four years of low price environment before it sees the heady days of hitting dizzy heights of US$100 or more per barrel.

The industry veteran expects the price of oil to trade in the range of between US$45 and US$55 per barrel in the next few years based on the current fundamentals and dynamics surrounding the industry.

“Prices may go up to US$60 per barrel this is based on the current fundamentals and dynamics surrounding the industry,” he says.

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