MOSCOW, Nov 28- Russian assets sank early on Friday, with the rouble and shares hitting new lows, as oil prices collapsed after OPEC decided to leave its output targets unchanged despite a heavily oversupplied market. Brent crude was last trading at around $71.70 a barrel after falling as much as $6.50 a barrel a day earlier, when the OPEC oil producer group made...» Read More
Jigar Shah, CEO at Maybank Kim Eng Securities India, says low energy prices are positive for markets given their impact on inflation.
Alvin Liew, Senior Economist at UOB, says lower prices can help Japan reduce its trade deficit in the energy and produce sectors.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
Mohshin Aziz, Aviation Analyst at Maybank Investment Bank, explains why certain airlines will benefit more than others, such as Cathay Pacific, Singapore Airlines and Thai Airways.
William Ma, Deputy CIO at Gottex Penjing Asset Management, says the firm may allocate more funds to oil importing countries like India as a result of sinking oil prices.
Dominic Bunning, FX Strategist at HSBC, says the Canadian dollar is likely to fall against the dollar. He also recommend going short on the Malaysian ringgit and going long on the rupee.
Taimur Baig, Chief Economist for Asia at Deutsche Bank, warns countries like Australia and Malaysia rely on commodity exports and could be hurt from lower oil prices.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Peter Harbison, Executive Chairman at CAPA - Center for Aviation, describes how the massive fall in fuel prices will likely result in higher revenues for airlines.
TOKYO/ SINGAPORE, Nov 28- U.S. crude futures tumbled nearly $6 on Friday to the lowest since May 2010 after OPEC decided against cutting output, leaving the market with excess supply that deepened oil's months-long rout. Saudi Arabia blocked calls on Thursday from poorer members of the Organization of the Petroleum Exporting Countries for production cuts to...
Philippe Gudin De Vallerin, Chief European Economist at Barclays, says Europe needs better integration of fiscal policies and a better political union.
Paul Gruenwald, Chief Economist for Asia Pacific at S&P's Ratings Services, discusses whether the recent decline in oil prices is structural and explains Asia's main challenges next year.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.
*OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude fell by nearly as much, posting the steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back expectations...
MOSCOW, Nov 27- Russia's most powerful oil official Igor Sechin said that oil prices could fall below $60 by mid-way through next year, speaking the same day OPEC met in Vienna and left its output targets unchanged. On Thursday, OPEC decided against production cuts to halt a slide in global oil prices, sending benchmark Brent crude plunging to a fresh four-year low...
*OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back...