(Translated by https://www.hiragana.jp/)
Sheltering the Economies of Oil Exporting Countries From Energy Shocks
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Sheltering the Economies of Oil Exporting Countries From Energy Shocks

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  • KAPSARC, King Abdullah Petroleum Studies and Research Center

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Price shocks are a feature of international oil markets, with the oil price collapse in the second half of 2014 being the most recent example. These episodes are a source of macroeconomic disruption that harm economic activity in the short and medium term, particularly for oil-exporting countries. The recent emergence of non-conventional oil – such as light, tight oil – represents a critical change in oil markets. Investments in non-conventional oil react very aggressively to changes in oil prices, impacting the structure of oil markets, and could reduce volatility in the future.

Suggested Citation

  • KAPSARC, King Abdullah Petroleum Studies and Research Center, 2017. "Sheltering the Economies of Oil Exporting Countries From Energy Shocks," Workshop Briefs ks-2017--wb06, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:wbrief:ks-2017--wb06
    as

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    File URL: https://www.kapsarc.org/research/publications/sheltering-the-economies-of-oilexporting-countries-from-energy-shocks/
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