Volatile landscape amid rising oil prices: Petronas

Dateline 2018-09-25, NST:

Local oil, gas and energy players are urged to tread carefully and respond cautiously towards the uptrend seen in the crude oil prices, as volatility are expected to continue due to trade wars and geopolitical risks.

Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said despite improving outlook, which saw a spike in Brent oil prices hitting the 4-year high at US$80 a barrel this morning, it is important to be mindful of the unpredictable industry landscape.

“Currently, the outlook for the oil and gas industry is also improving. Year-to-date Brent is at US$72 per barrel, a significant sharp increase from the average of US$54 per barrel in 2017 and the oil and gas sector here seems to be responding positively.

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