- Abstract:
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The recent decline in oil price – the largest in terms of annual average when compared to those of 1986 and 2009 – turned the 2014 budget surplus for Gulf Cooperation Council (GCC) countries into a deficit of about 8 per cent of combined GDP in 2015, according to the International Monetary Fund (IMF). Since 2014, natural gas prices have also shown a declining trend, although not as pronounced as oil. In response, governments have dug into their reserves and are tapping new sources of financin...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Files:
-
-
(pdf, 315.3KB)
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- Publication website:
- http://www.oxfordenergy.org/2015/11/oxford-energy-forum-issue-102/
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- Publisher:
- Oxford Institute for Energy Studies Publisher's website
- Journal:
- Oxford Energy Forum
- Issue:
- 102
- Pages:
- 29-33
- Publication date:
- 2015-01-11
- ISSN:
-
0959-7727
- Keywords:
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 2015
Journal article
Energy productivity, the new frontier for GCC countries
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