The Big Winners and Losers in A World With Cheap Oil

The video discusses the impact of falling petrol prices, which haven't been seen since 2008, on the UK economy and global markets. It highlights potential GDP growth, benefits for transport and travel sectors, and challenges for energy stocks and companies focused on new technologies. The discussion also covers the economic implications for countries heavily reliant on oil, such as Venezuela, Russia, and Saudi Arabia, as they struggle with budget constraints due to low oil prices.

What was the expected price per barrel mentioned in the text that could lead to a 2% uplift in UK GDP?

What impact do lower fuel costs have on airline costs according to the text?

According to the text, what are the potential consequences for companies that have focused on supporting new technologies in the energy sector?

How does the text describe the situation of economies that are highly dependent on oil and gas?

What budget balance does Venezuela need in terms of oil price per barrel?