The article is explaining the exact situation in northern america. I can tell you that Shell and BP has already been selling their assets in GOM. Even my boss tells me if the price go up to 100USD tomorrow it wont make big difference, because think about it, the crude oil has been hovering at 100US+ for so many years, and every other operating costs has been increasing consistently. So it will still not be profitable for them! unless it is 200USD

Yup, lets see how it fairs mate! thanks for the article btw.

This i 101% agree. please tell our BNM analysts.

this is actually a national disease, been festing for years: deny-blame someone else-so all is good.
not just rm but education, crime, illegals, road deaths, budget deficit, household debt... the list is very long.
becos of that, nothing ever changes, no improvement, no will to face reality, pretend all is good.
the world moves on, but many things n people here do not.
who to trust...? trust no one!

crude down 6%... but still usd51, nowhere near 40.... so no big damage.

if all these loud n soft noises about iran, saudi, iraq, shale, conspiracies, etc. are cut out... the baseline is intact - there is simply too much oil! and will remain so for months, maybe years.
for us consumers, since we now pay more taxes with gst, cheaper petrol can help.

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713
Apr 6 2015 6pm
usd51.60
3.6395
Apr 16 2015 6pm
usd 56.06
3.6550
Apr 27 2015 6pm
usd 56.80
3.5685
Apr 30 2015 6pm
usd 59.00
3.5630
news is ron 95 petrol price will go up 20 sen at midnight tonite.

go fill up now, save one lunch money!

ron95 should be up 20 sen->2.15
ron97 unchanged.

turns out u right!
Petrol and diesel pump prices remain the same, despite rising crude oil prices.

Retail prices for RON95, RON97 and diesel for May 2015 remain at existing levels, a Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC) spokesperson told Bernama today.

I think so unless some YB dies & have BE again 

yeah tat too

Did they just proved that the "manage float" oil price are not actually follow world oil price?

we all still don't know how they set the retail fuel price