Falling oil prices could be a curse for KL
Being net importers, rest of Asian economies expected to gain from low prices
Kuala Lumpur
WHILE falling oil prices are a boon for Asian economies, Malaysia is the exception, being the only net oil exporter in a sea of importers.
Global oil prices have collapsed with the yardstick Brent crude falling to about US$85 from a peak of US$121 early this year, meaning that global oil prices are now at 2010 levels. The main reason for the decline is well documented - there is simply more supply than demand.
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