Reported 2 days ago
Donald Trump's pledge to reduce energy costs through increased oil production has sparked concern among emerging market oil producers while offering hope to oil-importing nations. Although he can't directly control oil prices, fluctuations could have varied impacts—benefiting some importers with decreased inflation, like China and India, while severely hurting poorer oil-dependent nations like Angola and Nigeria. Analysts caution that lower prices may not guarantee economic benefits if accompanied by trade tensions and weakened financial conditions for both producers and importers.
Source: YAHOO