SINGAPORE (Feb 22): OCBC is upgrading Keppel Corp to “buy” with a higher fair value estimate of $7.40 from $6.26 previously on undemanding valuations amid a stabilising environment.
In Dec last year, OPEC announced that it will cut production – the first time in eight years — and has taken steps to signal its resolve to bolster oil prices.
On Tuesday, OPEC’s secretary general said all OPEC producers part of the supply-cut deal are firmly determined to achieve a higher compliance rate than the 90% compliance reported for Jan.
