Low oil prices increases pressure on raw exporters in emerging markets

Alghad - 15/04

Analysts said that the sharp decline in crude oil prices, which is largely due to the customs duties imposed by US President Donald Trump, will lead to great pressure on the budgets of oil exporting countries in emerging markets, while the potential economic slowdown may weaken the benefits that importers may earn.

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Brent crude prices fell by more than 20% in one week to its lowest level in four years, after Trump announced a comprehensive customs duties package on April 2, amid fears of the impact of a mutual trade war on global growth and demand for oil. Since then, prices ha...
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Category: News-Arabic-Woody

Tags: Oil - emerging markets - -

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