CLICK TO ENLARGEPETALING JAYA: Oil and gas( OG) players are expected to benefit from the elevated crude oil prices this year. Trading this week started with OG stocks being among the most active counters and gainers on Bursa Malaysia following the news that oil major Saudi Aramco had become the world’s most valuable company overtaking Apple, thanks to the spike in the price of crude oil. Brent crude oil price traded higher at US$ 113( RM496.63) per barrel yesterday. The Energy Information Admini

core net profits for eight out of the nine stocks it covers grew 30% quarter-on-quarter( q-o-q). CLICK

PETALING JAYA: Earnings for Pantech Group Holdings Bhd are expected to remain steady on the back of higher oil and gas( OG) projects.TA Research said this was given the resiliency in oil price due to Saudi Arabia’s commitment to cut oil production and maintain a floor on the oil price. Pantech recorded a 23.8% quarter-on-quarter hike for the first quarter of financial year 2024( 1Q24) revenue to RM244. 8mil, driven by higher deliveries to the OG sector for the trading division, which saw a 48.3%

PETALING JAYA: Earnings for Pantech Group Holdings Bhd are expected to remain steady on the back of higher oil and gas( OG) projects.TA Research said this was given the resiliency in oil price due to Saudi Arabia’s commitment to cut oil production and maintain a floor on the oil price. Pantech recorded a 23.8% quarter-on-quarter hike for the first quarter of financial year 2024( 1Q24) revenue to RM244. 8mil, driven by higher deliveries to the OG sector for the trading division, which saw a 48.3%

PETALING JAYA: Earnings for Pantech Group Holdings Bhd are expected to remain steady on the back of higher oil and gas( OG) projects.TA Research said this was given the resiliency in oil price due to Saudi Arabia’s commitment to cut oil production and maintain a floor on the oil price. Pantech recorded a 23.8% quarter-on-quarter hike for the first quarter of financial year 2024( 1Q24) revenue to RM244. 8mil, driven by higher deliveries to the OG sector for the trading division, which saw a 48.3%

PETALING JAYA: Earnings for Pantech Group Holdings Bhd are expected to remain steady on the back of higher oil and gas( OG) projects.TA Research said this was given the resiliency in oil price due to Saudi Arabia’s commitment to cut oil production and maintain a floor on the oil price. Pantech recorded a 23.8% quarter-on-quarter hike for the first quarter of financial year 2024( 1Q24) revenue to RM244. 8mil, driven by higher deliveries to the OG sector for the trading division, which saw a 48.3%

PETALING JAYA: Petroliam Nasional Bhd( PETRONAS), which is maintaining a guarded outlook for the rest of the year, expects to face a bearish energy market on the back of slowing global economic activity. The cautious perspective is underpinned by the anticipation that energy prices would remain volatile, influenced by persistent economic hurdles and worldwide energy security concerns. President and group chief executive officer Tan Sri Tengku Muhammad Taufik said Brent crude prices could be hove

PETALING JAYA: Exploration and production as well as petrochemical companies should continue to enjoy strong earnings as oil prices remain elevated on resilient demand and heightened geopolitical tensions. Just on Wednesday, oil touched US$ 90( RM378.27) a barrel for the first time in seven years amid tight supply and concerns of further supply disruption. Notably, views that oil could hit the US$ 100( RM420.23) mark are gathering pace.In its latest sector report, RHB Research noted that the pri

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