Petronas reports tough start to 2016
Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.
Business news - 18 May 2016
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Economist Intelligence Unit predicts price rebound
The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.
Improved resource efficiency is required to drive the oil and gas IT spending market
The global IT spending market in the oil and gas industry is expected to grow at a CAGR of around 1% during the period 2016 - 2020, according to Technavio.