You are here

Malaysia should assume worst case for oil, says analyst

He cites US$10 as inference price; adds that if the numbers turn out better, Putrajaya is ahead of the curve
Tuesday, January 19, 2016 - 05:50
4.jpg
As Teheran re-enters the oil market, pushing prices to below US$28 a barrel and a 12-year low, an analyst has suggested that it may be necessary for Malaysia to pencil in an ultra-conservative average of US$10 oil in its revised Budget, given the rapid pace of decline of oil prices.

Kuala Lumpur

AS Teheran re-enters the oil market, pushing prices to below US$28 a barrel and a 12-year low, an analyst has suggested that it may be necessary for Malaysia to pencil in an ultra-conservative average of US$10 oil in its revised Budget, given the rapid pace of decline of oil