1

In Southeast Asia, Cheap Oil Is a Double-Edged Sword

February 18, 2015 Topic: Economics Region: Asia

In Southeast Asia, Cheap Oil Is a Double-Edged Sword

The winners and losers of collapsing oil prices in Southeast Asia.

“Nonetheless, in 2015, the benefits of low oil prices for consumers, manufacturers and governments across most of the region will outweigh the risks to energy investment and activity.”

With oil prices expected to remain low through next year and possibly beyond, Southeast Asia has been given an opportunity to strengthen its competitiveness, according to the World Bank . Can policymakers take advantage?

Anthony Fensom, a Brisbane, Australia-based freelance writer and consultant with more than a decade's experience in Asia-Pacific financial/media industries.

Image: Wikimedia