The International Monetary Fund said Tuesday that the sharp collapse in oil prices is proving more of a drag than a stimulus on the global economy.
The financial strains on exporters and the deep investment cutbacks in the industry are more than offsetting the expected gains from cheap oil enjoyed by key importers like Japan and the United States, the IMF said.
GMT 20:02 2017 Tuesday ,25 AprilIS 'executes' at least 15 civilians in Mosul
GMT 13:55 2017 Tuesday ,25 AprilYoung man shot dead in Venezuela unrest
GMT 13:52 2017 Tuesday ,25 AprilNasdaq hits 6,000 for 1st time as US stocks rise again
GMT 13:39 2017 Tuesday ,25 AprilNetanyahu cancels meeting with German minister after dispute
GMT 13:37 2017 Tuesday ,25 AprilSyria Kurds demand coalition act to halt Turkish bombing
GMT 13:35 2017 Tuesday ,25 AprilGlobal music sales grow robustly for second year
GMT 12:01 2017 Tuesday ,25 April20 dead after boat capsizes in Senegal
GMT 10:29 2017 Tuesday ,25 AprilIraqi Kurds call deadly Turkish strike 'unacceptable'