Lower Oil Prices Will Be Worse For Certain Exporters Than Others

While lower oil prices will be a positive for global economic growth in 2015, according to Moody's Investors Service, some countries will be able to accommodate them better than others. Mauro Leos, senior sovereign analyst at Moody's, says that the fall in prices presents oil-exporting countries with challenges, but it's exporters that are heavily reliant on oil revenues and committed to large spending programs that are likely to have the most difficulty accommodating them. Plus, while oil importers are positively affected in general, he reveals which countries are poised to benefit the most from a lower price environment. Leos also reveals Moody's oil price outlook for 2015.