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Ambank research shows challenging yet intact outlook for oil and gas industry | Malay Mail

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KUALA LUMPUR, Oct 7 — While Covid-19 has caused the oil and gas (O&G) sector to face a sharp downturn, the outlook overview for the industry remains intact. Ambank, in its equity note today, said the pandemic will have a net negative impact on global oil demand until 2025, with an estimated...

Wednesday, 07 Oct 2020 10:55 AM MYT

Ambank, in its equity note today, said the pandemic will have a net negative impact on global oil demand until 2025, with an estimated 0.9 million barrels per day below pre-Covid-19 levels. “This will bring to only 3.5 million barrels per day in December 2021, eroded by demand reduction for jet fuel, gasoline, diesel and other fuels,” it said.

 

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