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The true cost of cheap oil: Barrel price hits 6-year low (part 2)

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At $45 a barrel, world oil prices are now nearing a six-year low. Food prices have actually dropped here in Europe, whilst airlines are slashing ticket prices. But environmentalists are warning that the current glut in supply could be short-lived. The IMF sees it as a window of opportunity to cut costly fuel subsidies in places such as India and Africa. Will low prices signal opportunity, or uncertainty?

Added on the 29/01/2015 19:53:13 - Copyright : France 24 EN

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