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oil prices

The impact of low oil prices in Sub-Saharan Africa

Gerard Kambou's picture
Growth picked up in Sub-Saharan Africa in 2014, after moderating in 2013, but remained weaker than during the pre-crisis years. It softened around the turn of the year owing to headwinds from the plunge in the price of oil. Sub-Saharan Africa’s oil exporters, which account for nearly half of the region’s aggregate output, have been hit hard by the sharp decline in the price of oil. From June 2014 to January 2015, oil prices fell by nearly 50 percent, and have remained low despite the recent uptick.        
 

Save first, then spend: history’s lessons on the influence of low oil prices on global growth

Marc Stocker's picture
The impact of falling oil prices is becoming increasingly visible, but the global economy is yet to hit a nice stride - oil exporters face severe headwinds, oil-importing China continues to slow, other large oil-importing countries have seen mixed developments since the start of 2015, and financial market volatility has increased.

How Might Japan’s Natural Disaster Affect the Energy Sector?

Ioannis N Kessides's picture

Photo: istockphoto.comIt is still too early to estimate with much precision the quantitative impacts of the devastating events in Japan on the global energy sector, as well as the effects on energy and economic activity in Japan. Nevertheless, some qualitative conclusions can be drawn about the near and medium effects on Japanese and global energy balances. Much more difficult and speculative are judgments about the effect of the nuclear accident that resulted from the natural disaster on the longer-term energy picture.