From the NST – OSK’s Crude Price Prediction


Dateline 2009-06-13, taken from the New Straits Times:

OSK expects oil to stabilise at US60.

OSK Research Sdn Bhd expects crude oil price to stabilise at US$60 (RM120) per barrel in the immediate term as there is no reason to justify the continuous price rise.

 

NST - OSK Oil Price Prediction

NST - OSK Oil Price Prediction

I’m all for oil to stabilise in the USD60-80 price range. That will allow pre-price crash projects to restart while not having a significant impact on gas prices, though I do hope that there will be an impetus to invest in energy saving innovations. Anyone know how to bring down the price of the Toyota Prius and Honda Civic Hybrid?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

This entry was posted on Sunday, June 14th, 2009 at 9:31 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to From the NST – OSK’s Crude Price Prediction

  1. Jabbathehutt says:
    June 14, 2009 at 8:15 pm

    Yes, the crude oil price may rise, when the surplus/stockpile starts to drop.

    I guess the question is, when will this rise in price create the public stir which happened only a year ago?

    Who will benefit? will the professionals in the oil and gas becomes like wall street executive, start driving fast cars and demand exorbitant amount of money… only to see bubble collapse in matter of months…

    food for thought.

    Reply

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