Oil price rout: Discuss how falling oil prices impact the Singapore economy, businesses and consumers. The price of oil has plunged more than 55 per cent to under US$50 a barrel since June 2014. This is the lowest price since the depths of the 2009 recession, and some analysts are saying the rout could continue…
OPEC Split as Oil Prices Fall Sharply Oil prices sank again on Monday, giving consumers more of a break and causing a slit among OPEC leaders about what action should be taken, if any, to halt the slide. The price drop has led to a near free fall in gasoline prices in the United States….
Published in straits times Jan 2015 The price of oil this week plunged more than 55 per cent to under US$50 a barrel since June last year. This is the lowest price since the depths of the 2009 recession, and some analysts are saying the rout could continue to US$35 a barrel in the near…
“The reality we face is that interest rates are extraordinarily low, globally and in Singapore, and continue to add fuel to our property market. We have to take this further round of measures now, to check recent market trends and avoid a more serious correction in prices further down the road.” Minister for Finance Tharman…