The winners and losers from oil price falls

Beneficiaries of the oil price drop

Joep Huntjens, head of Asian debt at NN Investment Partners (formerly ING Investment Management), explains why Asia will be the biggest winner as the economics of oil continues to change.

After five years of coping with oil prices that hovered between $100 and $120 a barrel, prices tumbled in June 2014. Since then, the price of Brent crude oil - the global benchmark - has fallen 50% to about $55 a barrel at the end of March. That drop is partly because of weak economic activity but most of it appears to be caused by the growing glut of supply, particularly from the US.  Investors have reacted accordingly by shunning emerging markets, where many countries are oil exporters.  The J.P. Morgan Corporate Emerging Markets Bond index, which tracks US-dollar denominated bon...