OIL ROUT ·
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Losers and winners on SGX

Offshore and marine stocks fall while transport shares gain

Singapore

OFFSHORE and marine (O&M) companies listed in Singapore were dragged down by plummeting oil prices on Friday, as Opec's decision not to cut production sent Brent crude crashing 5 per cent during the day to US$72 per barrel.

With analysts expecting such levels - at four-year lows - to persist until the first half of 2015, at least, the resultant spending cutbacks in oil-related projects are seen hurting O&M companies here.

Oil prices have plunged dramatically in the second half of this year...

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