R&D push by govt comes at bearish time for oil & gas industry


I want some of that sweet, sweet money. My thesis is ‘stress testing the most popular websites on the internet’ (Dilbert reference here) and sadly, I’d probably get the money.

Dateline 2019-10-15, Malay Mail:

The research and development (R&D) push by the government comes at a time when the global oil and gas (O&G) industry is bracing for a bearish year in 2020, as supply and demand balances show persistent surpluses against a slowing global economy, Malaysia Petroleum Resources Corporation said.

Deputy chief executive officer Mohd Yazid Ja’afar said the US-China trade war is deepening and oil majors continue to demand for cost effective and low-carbon technologies.

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