A man wearing a face mask is flanked by flare stacks at the Nahr Bin Umar oilfield, north of Basra, Iraq, on March 9, 2020. Photo: Reuters
Opinion
Opinion
Macroscope
Why crashing oil prices amid the coronavirus epidemic are good news for most of Asia
- Most Asian economies are net oil importers so a fall in oil prices will lead to stronger economic growth, allowing governments to initiate fiscal stimulus measures to counteract the effect of the coronavirus outbreak
A man wearing a face mask is flanked by flare stacks at the Nahr Bin Umar oilfield, north of Basra, Iraq, on March 9, 2020. Photo: Reuters