MENA Quarterly Economic Brief : Plunging Oil Prices
In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. This issue of the MENA Quarterly Economic Brief focused on the implications of low oil prices for eight developing countries, the MENA-8 (oil importers: Egypt, Tunisia, Lebanon and Jordan and oil exporters: Iran, Iraq, Yemen and Libya) and the economies of the GCC (Gulf Cooperation Council), who play a major role in providing funds in the form of aid, investment, tourism revenues and remittances to the rest of the countries of the region. Several assumptions are also made about future oil prices taking into account several variables. All projections are based on statistical information available through early January 2015.
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015-02
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| Subjects: | AVERAGE PRICE, BARREL, CRUDE OIL, DRILLING, DRILLING RIGS, FUEL, INFLATION, INTERNATIONAL OIL PRICES, LOW OIL PRICES, MARKET SHARE, MILLION BARRELS, MILLION BARRELS PER DAY, NET OIL EXPORTS, OIL, OIL CONSUMER, OIL EXPORTERS, OIL FIELDS, OIL IMPORTERS, OIL IMPORTS, OIL MARKET, OIL PRICE, OIL PRICES, OIL PRODUCERS, OIL PRODUCTION, OIL REVENUES, OPEC, PRICE FORECASTS, PRICE OF OIL, PRODUCTION COSTS, SHALE OIL, SPREAD, SURPLUSES, |
| Online Access: | http://documents.worldbank.org/curated/en/2015/02/23951849/mena-quarterly-economic-brief-plunging-oil-prices https://hdl.handle.net/10986/21462 |
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| Summary: | In the three months since most
observers, including the World Bank, issued their last
forecasts, the Middle East and North Africa (MENA) Region
has changed substantially. Political tensions have eased
somewhat with presidential and legislative elections
completed in a few countries. This issue of the MENA
Quarterly Economic Brief focused on the implications of low
oil prices for eight developing countries, the MENA-8 (oil
importers: Egypt, Tunisia, Lebanon and Jordan and oil
exporters: Iran, Iraq, Yemen and Libya) and the economies of
the GCC (Gulf Cooperation Council), who play a major role in
providing funds in the form of aid, investment, tourism
revenues and remittances to the rest of the countries of the
region. Several assumptions are also made about future oil
prices taking into account several variables. All
projections are based on statistical information available
through early January 2015. |
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