Who Benefits Most From Cheap Oil?

TIME

We are living in a world obsessed with oil and its price movements. Some time back, when all the trade pundits were predicting a stable 100$ benchmark, the prices fell… and how! The current fall in the oil price has been particularly harsh and excruciating for some of the prominent players such as Russia and Venezuela. To add fuel to the fire, on March 16, 2015, the oil price plummeted to a 6-year low level of 42.98 dollar per barrel. With the possible addition of Iranian oil to the global oil supply, the refusal of OPEC to cut down its production levels, rising US crude inventory and weak global demand, one can easily predict that cheap oil is here to stay. These are testing times for global economy where a simple question arises: Who benefits the most from cheap oil?

The answer is not one but the two Asian Giants:…

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