(EnergyAsia, February 5 2015, Thursday) — On balance, the negative economic impact of an oil price decline on producing countries exceeds the benefits accruing to consuming countries, said the World Bank. In its flagship ‘Global Economic Prospects’ report, it said oil-exporting economies could expect to contract by 0.8 to 2.5 percentage points in the year…
MARKETS: Negative impact of oil price drop on producing countries exceeds benefits for consumers, says World Bank
Posted on February 5, 2015 by EnergyAsia