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Tag Archives: (SPAC) Reach Energy Bhd

Subdued but improving oil and gas industry in 2016

KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows. In fact, benchmark Brent dived to as low as US$27.88 per barrel in January from a high of US$114.81 recorded in June 2014. Save for the intervention by the ...

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