BFM 89.9

Podcast  >  Morning Run  >  Morning Brief  >  As Lockdowns Rise, Will Oil Prices Fall To March Lows?

As Lockdowns Rise, Will Oil Prices Fall To March Lows?

Yong-Liang Por, Consultant, Institute for Energy Economics & Financial Analysis (IEEFA)

02-Nov-20 07:37

As Lockdowns Rise, Will Oil Prices Fall To March Lows?

Last week, oil prices hit their lowest point since May, with Brent crude dipping below $37 per barrel. After some initial promising signs of recovery due to economies reopening and production cuts, Brent had been trading steadily between $40 to $45 a barrel for much of the summer, but now we’re seeing fresh restrictions placed on parts of Europe such as the UK and France.

Here in Malaysia, Budget 2021 is also being announced later this week, and oil prices are a key thing to watch since the Budget will be made based on an oil price assumption.

Last year, the budget was based on the assumption of oil prices averaging US$62 per barrel, but that will likely be much lower this year.

Image Credit: Shutterstock

Produced by: Shazana Mokhtar

Presented by: Lyn Mak, Noelle Lim, Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Trends and ForecastsMarketsBusiness AnalysisInvestments

Tags:  oiloil pricesenergy demand

Share this podcast

Play / Pause

Listen now : I Love KL

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Kelvin Chong, Managing Director, Schaeffler Malaysia

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

Ringgit & Sense

10:05 AM

Open For Business

Derek Tan, CEO, Sonicboom

11:05 AM

Tech Talk

Shajahan Iqbal, CTO, 3OPP

12:00 PM

Enterprise Biz Bytes

Kevin Brockland, Founder and Managing Partner of Indelible Ventures, and Malaysia Director of the Founder Institute

1:00 PM

The Breakfast Grille Repeat

Kelvin Chong, Managing Director, Schaeffler Malaysia

2:05 PM

Live & Learn

3:05 PM

Beyond the Ballot Box


4:05 PM

Health & Living

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture

9:00 PM

I Love KL

10:00 PM

Back To Back