SINGAPORE (June 2): OCBC is maintaining a “buy” on large-cap Oil & Gas players like Sembcorp Industries and Keppel Corporation.

In a Friday report, lead analyst Low Pei Han compared the change in oil production in different countries across different time frames in the wake of the 2014 oil crisis, keeping in mind there could be a time lag for investments that were made earlier.

For the greatest increase in production, look no further than Brazil. Despite its political troubles, the country’s supply of petroleum and other liquids grew the most among non-OPEC and other liquids among non-OPEC countries from 1Q16 to 1Q17, reaching 2.98 million bbl/day in 1Q17.

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