The results of Opec’s meeting will have a far greater impact on the local offshore industry than the recent state aid package, says Singapore bank DBS.
“In the event that the Vienna meeting is inconclusive, Brent crude should retest the recent lows of $43.5 per barrel and may even head down to $40.5 per barrel on technical action before finding support,” says analysts Janice Chua and Yeo Kee Yan.
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