Maslan confident oil won’t dip below US$40/barrel

April 2, 2015

Pick up your Lumia 530, and Cortana “oil price”. Then Cortana “who sells seashells by the seashore?”

Dateline 2015-01-29, FMT:

Deputy Finance Minister Ahmad Maslan has expressed his confidence that the crude oil price will not fall below US$40 a barrel this year. He said instead, it would not exceed the crude oil price assumption of US$55 a barrel used by the government in the 2015 Budget revision as announced recently.

“If the price of oil were to fall below US$40 a barrel, oil companies will not be able to produce oil because the cost will be higher than the revenue.

“I am confident that the Organisation of the Petroleum Exporting Countries (OPEC) will also not allow the price to fall below that level,” he told Bernama after an interview on the ‘Dalam Radar’ programme over Radio24.

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Academician lashes out at deputy finance minister’s attempt to fool people

October 29, 2013

Dateline 2013-09-06, The Malaysian Chronicle:

An academician today takes deputy Finance minister (DFM) Ahmad Maslan to task over what he described as untruth explanation on oil prices in Malaysia compared to neighbouring countries.

Attempting to soothe public anger over the recent fuel price hike, Ahmad pointed out that Malaysia is the 8th lowest in the world in terms of price of fuel after Venezuela, Saudi Arabia, Kuwait, Egypt, United Arab Emirates, Iran and Nigeria.

“Are we trying to deny the fact that the price of petrol in Brunei, Qatar, Bahrain, Algeria, Sudan, Libya and Oman is cheaper than Malaysia? Why Ahmad did not disclose the petrol prices in those countries?” UKM School of History, Politics and Strategy lecturer Dr Mohamad Agus Yusoff responded to Ahmad’s reasoning in a Facebook posting today.

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