Oil companies will still cut capex this year, says AmInvestment Bank
AmInvestment Bank has maintained oil price forecast for 2020 at US$40-US$45 per barrel and 2021 at US$45-US$50 per barrel. ― Reuters pic
KUALA LUMPUR, July 14 — Oil producers are expected to proceed with their planned production cuts this year despite a measure of optimism returning for crude oil prices, AmInvestment Bank said.
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