The price may average RM3,500 to RM3,600 a ton in 2012, Dompok said in a written response to questions from Bloomberg News.
most-active futures contract on the Malaysia Commodities Exchange
averaged RM3,725.80 so far this year, according to Bloomberg data.
oil output in Malaysia will expand to 17.59 million metric tons this
year, from 16.99 million last year, as yields improve, Dompok said.–
Source : Business Times