You are here

BROKERS' TAKE

Petronas Gas, Top Oil to benefit as colder winter will raise demand for fuel: Maybank KE

A Norwegian oil workers' strike and a Gulf of Mexico hurricane are already disrupting supply

BT_20201010_UDCRUDE10_4277555.jpg
Meteorologists expect a colder winter in North-east Asia, which will support prices for liquefied natural gas (LNG), coal and kerosene/jet fuel, so Petronas is in line to fare well.

Singapore

MALAYSIA's Petronas Gas and Thailand's Top Oil are among the potential beneficiaries of a possible increase in demand for fuel, said Maybank Kim Eng.

The brokerage on Friday noted that crude prices have risen by some 4 per cent on a week-on-week basis from supply...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes