The Collapse of Oil Prices, Economic and Political Implications:
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Bibliographische Detailangaben
1. Verfasser: Bieliszczuk, Bartosz (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Warszawa [Poland] Polski Instytut Spraw Międzynarodowych 2020
Schlagworte:
Online-Zugang:BSB01
Beschreibung:Together with the COVID-19 pandemic and the economic slowdown caused by the restrictions to slow the spread of the coronavirus, the demand for oil has fallen, followed by prices. These drops were further fuelled by the collapse of the OPEC+ summit, which was to limit output and increase prices, and the rivalry between Saudi Arabia and Russia for market share. As a result, oil prices have fallen to record lows, which together with oversupply and the expected global recession, will pose a serious challenge for the biggest producers and countries dependent on oil export revenue
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