Broker Name: DBS
Date of Report: June 2024 (inferred from content and context)
Date of Report: June 2024 (inferred from content and context)
Excerpt from DBS report
Report Summary
- Crude oil prices have breached USD100/bbl, largely due to Middle East conflicts disrupting oil infrastructure and supply chains.
- DBS expects oil prices to remain elevated (USD75-80/bbl for 2026), impacting transport stocks (Singapore Airlines, ComfortDelGro) and REITs, while benefiting O&G-related companies (Seatrium, Nam Cheong) and ST Engineering.
above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg
