EMerging Equity
Gulf Cooperation Council
Who Gains And Who Loses From Plunging Oil Prices In The Middle East And North Africa Region?
By The World Bank Judging by the futures market, where the price of oil for delivery in August 2015 is US$56 per barrel, there is little optimism about a recovery in oil prices. With cheap oil looking like it is here to stay, the latest Quarterly Economic Bulletin offers a breakdown by country of the … Continue reading
Learning To Live With Cheaper Oil In The Middle East – IMF
By Masood Ahmed The steep decline in global oil prices, by 55 percent since last September, has changed the economic dynamics of oil exporters in the Middle East and North Africa. Our update of theRegional Economic Outlook, released yesterday, shows that these countries are now faced with large export and government revenue losses, which are … Continue reading
Oil Prices: Eventually The Gulf States Will Run Out Of Power – OpEd
By Steffen Hertog Oil prices have now halved in six months to around $50/barrel thanks to OPEC’s refusal to cut production. This means all the member countries are revising their government spending policies. While countries such as Iran and Venezuela face an imminent fiscal crisis, the short-term ramifications for the Arabian peninsula’s oil monarchies are less dramatic. In … Continue reading
