Mixed effects of oil price drop in Asia
As Thailand benefits from less costs, fuel exporter and neighbour Malaysia faces decreased profit from price plunge.
Published On 19 Jan 2015
The price of crude oil is at its lowest since 2009 – dropping below 50 US dollars a barrel.
The value plunge is beneficial to the economies of oil-importing countries like Thailand, where consumers are paying less for fuel.
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But it is bad news for neighbouring Malaysia, a key oil-exporter.
Al Jazeera’s Scott Heidler reports from Bangkok, Thailand’s capital.
Source: Al Jazeera