Insight
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6 Pages

The impact of low oil prices and the depreciated ringgit on PETRONAS


The impact of low oil prices and the depreciated ringgit on PETRONAS

Report summary

The low oil-price environment is challenging for oil exporters globally. While we expect currency weakness and government spending cuts to be a feature of the Malaysian economy in 2015, GDP growth is expected to remain strong. The weaker ringgit may be Malaysia's saving grace. In comparison to many other oil exporters, Malaysia has a diversified economy that becomes more competitive as the ringgit depreciates.

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  • The impact of low oil prices and the depreciated ringgit on PETRONAS PDF - 315.61 KB 6 Pages, 0 Tables, 7 Figures

Description

This LNG Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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  • Executive summary
    • The ringgit has weakened with lower oil prices
      • Crude oil price and the ringgit
    • A weakening ringgit softens the blow of lower oil prices but places a greater burden on PETRONAS
    • PETRONAS' cash flow will be hit and balance sheet looks set to take the strain
    • Increasing focus on costs - expenditure on international portfolio under scrutiny
    • Cuts to domestic expenditure is also on the drawing board
      • Upstream
      • Downstream
    • Conclusion

In this report there are 7 tables or charts, including:

  • Executive summary
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 1
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 2
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 3
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 4
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 5
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 6
    • The impact of low oil prices and the depreciated ringgit on PETRONAS: Image 7
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