The oil and gas sector has been one of the better performing sectors this year, despite volatility in demand due to geopolitical tensions and China’s zero Covid policy. And while demand uncertainty will carry on into the first half of 2023, analysts are largely upbeat about the prospects for oil and gas in the new year, specially on the back of Petronas’ recently released activity outlook for 2023 to 2025. TJ Liaw of Maybank Investment Bank gives us the key takeaways.

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