KUALA LUMPUR (March 9): Bursa Malaysia oil and gas-related stocks including Sapura Energy Bhd, Velesto Energy Bhd and Hibiscus Petroleum Bhd’s share prices fell in active morning trades today as world equities took cue from crude oil price's 30% drop to some US$30 a barrel after OPEC’s failure to strike a deal with its allies regarding production cuts amid the Covid-19 outbreak.
At 9:56am, Sapura Energy fell 4.5 sen to 11.5 sen, Velesto dropped 12.5 sen to 17.5 sen while Hibiscus was down 23.5 sen to 47.5 sen.