Oil plunge: What to do

The sudden slump in oil prices is a game changer. Challenges for local oil stocks are just the beginning.

Summary: The recent drop in the oil price is bad news for Australian producers, but in other countries lower energy prices offer a welcome economic boost. Energy currencies such as the rouble are losers, but the transport sector is a winner as fuel bills fall. High-cost oil producing countries will face budget pressure that could trigger social instability.

Key take-out: All energy producers are losers from a falling oil price as oil is the global benchmark for every form of energy, including coal, renewables and uranium.

Key beneficiaries: General investors. Category: Oil and gas.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles