OPEC Report Shows Oil Price Recovery

OPEC Report Shows Oil Price Recovery

The yearly World Oil Outlook report from OPEC was recently issued. It hints at the prospects for the energy industry 25 years into the future. OPEC reveals its prediction for oil prices returning to at least US$70 by 2020 and US$95 by 2040. Higher-cost US shale oil...
Low Commodity Prices Threaten Malaysia Economy

Low Commodity Prices Threaten Malaysia Economy

Falling commodity prices are a challenge for the Malaysia economy, Southeast Asia’s third largest. Some of the country’s major exports such as palm oil, tin, and crude oil are hovering near four-year lows. The Bloomberg Commodity Index of 22 raw materials fell...
Southeast Asian Consumers Invest in Gold

Southeast Asian Consumers Invest in Gold

Gold’s reputation as a storage of wealth and a hedge against inflation has attracted investors in Asian markets. This is especially true for those in the ASEAN region, with local currencies declining against the U.S. Dollar and Euro. There’s an increasing demand...