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The Business Station
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Oil which is also known as black gold is a commodity which has seen a sharp price decline since the beginning of the year unlike its other shiny cousin. With Covid 19, demand disappeared as travel was curtailed, industries came to a grinding halt while lockdowns were common around the world.
Even though economies have started to reopen, supply remains abundant while recovery is uneven.
Brent Crude is down 35% on a year to date basis, and has dipped below US40 dollars per barrel after averaging US45 dollars in the month of August.
All this has impacted Petronas, our national oil company, which just released their quarterly results.
For a deeper dive here and the ramifications to the economy and sector, we speak to TJ Liaw of Maybank Investment Bank.
Presenter: Roshan Kanesan, Lyn Mak, Noelle Lim
Producer: Wong Shou Ning
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