I also wanna know if Malaysia is really Crude Oil Exporter or Net importer 

Najib said Malaysia is Net importer of Oil, but Foreign Analyst said Malaysia is Exporter   

So Malaysia is Net Importer or Exporter 

the subject of the thread is oil, not petroleum. and i was refering to oil.

najib had said msia is net oil importer but net petroleum exporter if gas included.

dreamer is right, gas-oil prices not necessarily tightly correlated.

it is the possibility of lower gas prices that will might drive trade balance to a deficit, alto many think wun happen.
but the original question still remains - is msia a net oil (the black gold, not gas) importer or exporter?

apologies... the word "petroleum" was used differently in his speech. he used rm figures, not tonnes. lng was not in his numbers.

here:
so, he is saying msia is net crude oil exporter, net petroleum importer, excluding lng.

ok, that makes sense but wait... still some are disagreeing...!
http://www.focusmalaysia.my/Markets/Has%20...rter%20of%20oil?
well, importer or exporter, oil or petroleum products or gas, we do know rm falls when oil prices goes down. we'll see it again tmrw since crude has dropped 7% within the last 24 hrs....

i believe you guys are looking at the wrong thing. Government main source of income is Petronas, and Petronas operates all around the world. the point is government cant fill their coffers with dwindling profit gain from Petronas. Net oil importer or exporter, the goverment is still in big trouble.

Okay I give up.. don't care if Malaysia is Net Importer or Exporter.. that's one gomen problem

Main Concern is Lower oil price bad for M'sia Gomen, Lower RM etc.  but good for rakyat bcoz lower retail fuel price..

bad thing about weaker RM is higher cost of doing Intl Trade 

lower crude price than current levels come with even more damage esp with weaker RM, lower gomen revenue which could hurt more on the economy & directly to the rakyat 

I also wish that TNB would reduce the rate.

also the manufacturer could reduce the price of some the products for the benefit of the rakyat. but I don't think it would happen in BolehLand. if yes, then pigs can fly 

i was about to say...

oil price stagnant, oil price up, oil price down... rakyat gets f'ed overall as usual, nothing changes.

but don't we already know...??

I'm not sure. Maybe subsidised essential item 

http://uk.reuters.com/article/2015/02/06/u...N0LA1PF20150206

When the tiger is cornered, he will jump the wall

A small nuclear bomb in neutral oil producing country, in disguise of terrorist attack, is good solution to artificially cause oil price to sky rocket and save Russia economy.

Possible ?

On the long run this episode of low oil prices would be a good thing for Malaysia - because we'd be forced to not be so dependent on oil production as a country. This is a painful pill to swallow but the patient needs it badly.
We need to diversify and develop other industries as well.

today:
oil usd54, usd1=rm 3.595.

maybe too early to say, but is rm now getting weaker despite oil some price recovery?

some so-called "oil analyzer" said that higher oil price = stronger ringgit

Financial analysts are humans too, so every finance news you read regardless of source, needs to be read with a good dose of critical thinking a.k.a pinch of salt.

Of course there is a relation. If perception is that Malaysia is dependent on oil revenue, and oil prices drop, what does that say about the economy and other fundamentals of the country?

Think about it from an investor point of view. What are you going to do if a country you are investing in, potentially is heading down south and even risks of a sovereign rating cut from the rating agencies?

What happened to the Russia ruble?

Focus on the reason why you made that statement. The other posters are NOT wrong to say that the USDMYR is currently BROADLY co-related (with some deviations, but typically reasons of such would be available only to those in the industry) with oil prices.

When oil price is USD120 per barrel, from an exchange rate regime people just see that there's no issue relating to oil prices for foreign investors to start selling their MGS. If in that scenario, Malaysia handle the increased revenue well, economic data is good, foreign investors flock in thus strengthening MYR.

In short: Strength of the local currency is very much RELATED to oil prices.

You are not focusing on the topic at hand again, rambling on towards 'people gain nothing'. I rarely make notes on the person making the comments, but you called my statement nonsense because you are in a different league from me - a league that does not understand how to discuss intelligently. You also derailed my call on your statement being incorrect into something else entirely because you are unfocused and cluttered in your thinking, equating your own personal experience to everyone elses', including the country and businesses.

My discussion with you ends here.
The day to day pricing of USDMYR is rather interesting to say the least. Since the beginning of this year, it has been mostly volatile. Yes the 1MDB issues does cause some concerns, and it swings because of it. 1MDB loan about to blow up? MYR down. 1MDB repaid? MYR up (but also because AK did the repayment in USD, so there was a MASSIVE sell down of USD in the market. If oil prices come to 40-45, it's possible for it to head towards 3.73, a level seen during the financial crisis period (2009). Something to note: A big portion of the movement in USDMYR so far, is due to offshore funds, with huge amounts of $$$. What's driving the movement of USDMYR is not directly what you and me think about the economy with personal experience (unless you have hundreds of millions of $$$, not me definitely), it is those with money. You exit 1 mio USD? Not a dent in the rate. You exit 100 mio USDMYR? Market will react.

In general, though, the weakening of MYR is not entirely MYR's fault. USD itself has been strong, with hypes over them increasing interest rates in the 2nd half of this year. They are the current big block that is recovering together with the UK, while the rest is still on the south like Europe or Japan (and hence their massive QE). Buying EUR or JPY now, is cheaper then if you were to compare it against it a year ago.

On Indonesia, I'm still going towards hedging Rupiah receivable exposures for Malaysian-based corporate. I have been advising my customers as such for a while now, and still am. Short-term fluctuations are expected, but long term we have seen IDR dipping a whole lot against MYR. I'm lazy to open my Bloomberg now, so this will do.

http://www.xe.com/currencycharts/?from=IDR&to=MYR&view=10Y

Anyways, Happy CNY and Gong Xi Fa Cai all. Spent too much time then I'd like on this anyways. Facing this sort of discussions everyday with my corporate customers is not enough, no, I have to continue this in LYN.

thanks again.

u mean basel3? dunno much about it, but is it voluntary or mandatory in m'sia? so, the rise in short term rates incl fd's was primarily due to some scramble to meet basel3? stabilizing soon?

right... we all hope to be just clever enough not to lose our blood-sweat-tears savings to some crook or bad policies... or worse, wrong understanding!

not forgetting russia also started to increase oil production & giving discount to Asian buyers 

both China & Japan is among the world biggest buyer