OPEC oil slips below $58 - winners and losers
OPEC oil basket price slipped below $58/barrel on Dec.15, losing 46 percent of its value since mid-June. According to the OPEC's official website, the cartel's oil basket was sold at $57.92 on Monday, reaching the lowest since five years ago. With regarding the oil decline pace during last 6 months, a half of dropping oil price falls on a period from mid-June to mid-Nov, while another half falls on mid-Nov to mid-Dec. On the other word, the drop of oil price in the international markets was more accelerating during last month than the previous months. The huge and speedy drop of oil price, actually implies that the markets is going to be out of control, but who would win or lose from the current situation. Of course, in case the producers continue to keep oil production growth in the current pace in mid-term, it seems the global economy would face problems. It's expected that oil price collapse in current level is worth 1.3 trillion US dollar of stimulus for