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Malaysia O&G counters slump amid US crude price plunge

Tuesday, December 2, 2014 - 05:50

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THE plunge in US crude oil prices to a five-year low amid bleak short-term prospects of a recovery precipitated a rout of oil & gas companies in Malaysia on Monday as investors fled the sector that has been a mainstay of the country's economy since 2009.

Kuala Lumpur

THE plunge in US crude oil prices to a five-year low amid bleak short-term prospects of a recovery precipitated a rout of oil & gas companies in Malaysia on Monday as investors fled the sector that has been a mainstay of the country's economy since 2009.

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