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Singapore banks ‘neutral’ on O&G sector risks

Samantha Chiew
Samantha Chiew6/28/2017 10:39 AM GMT+08  • 3 min read
Singapore banks ‘neutral’ on O&G sector risks
SINGAPORE (June 28): Maybank Kim Eng is maintaining its “neutral” call on Singapore banks.
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SINGAPORE (June 28): Maybank Kim Eng is maintaining its “neutral” call on Singapore banks.

This is due to tail risks coming from the oil and gas (O&G) sector.

The price of crude oil has recently dropped to US$46 per barrel on concerns of a supply glut to levels not seen since OPEC’s output cut in November 2016.

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