Tag: SembMarine

Impact of falling oil prices on Offshore & Marine stocks | KepCorp, SembMarine | Singapore Stocks Analysis

As of last week, world crude oil prices have dropped to the lowest price in eight months after U.S. stockpiles unexpectedly increased and a report signaled China’s manufacturing will shrink in Jun 2012. At one stage, oil fell nearly $3 on Thurs (21 Jun) to dip below $80 for the first time since October 2011. Typically, oil price is prone…