Low Oil Prices, Part 1: Economic Implications
The importance of oil prices to businesses cannot be understated, and neither can the planning difficulties created by their volatility: as recently as June 2014 the Brent spot price for a barrel of oil was more than USD115, but throughout 2016 flirted regularly with the USD30 per barrel (/b) mark. For governments, meanwhile, volatile oil prices mean unpredictable budget outcomes and potentially untenable current accounts.
This briefing highlights the potential impact of continued weak oil prices on the global business operating environment in relation to geopolitical and socio-political risks.
- Low Oil Prices, Part 1: Economic Implications [PDF - 93 KB]
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