Strategy Note /
Global

Oil price exposure in emerging markets

  • Oil price is close to a 3-year peak; might looser output be on the way at next OPEC+ ministerial meeting on 4th October?

  • Relief for EM exporters but this may weaken reform impetus; some net importers suffer imported fuel and food inflation

  • EM exporters generally on significant equity valuation premia versus history; Colombia, Oman, Qatar relatively cheaper

Oil price exposure in emerging markets
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
28 September 2021
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