Impact of Falling Oil Prices on Oil Economies

  • ID: 3736814
  • Report
  • 42 pages
  • Frost & Sullivan
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Impact of Falling Oil Prices
The fall in oil prices has been one of the most significant macroeconomic events in recent times. While the fall has positively impacted oil importing countries, it has also drastically reduced the changes of strong economic growth in oil-exporting countries. The presentation looks holistically at the impact of the drop in oil prices on top 10 leading oil-exporting countries as well as top 10 oil-importing countries.

Oil Importing Countries Impacted

- The share of total imports of oil and gas by the top importing countries is more than half of the total world imports ( % in 2014).
- In 2014, the US imported around US $ Billion worth of oil and gas (O&G) followed by China with imports worth US $ Billion making them the largest importers of hydrocarbon products.

Slump in Oil Prices - What's Behind the Slump?
- Slower-than-expected global growth
- Structural slowdown in China
- Increase in oil and gas supply from non-OPEC countries such as the US
- Increase in shale gas production; the US output rose by 27.6% during 2010-16
- The KSA's decision to maintain its oil production level to counter the US shale
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1. Oil Prices: Current Scenario
  • Slump in Oil Prices
  • Demand-Supply Mismatch
2. Winners: Oil Importing Countries
  • Oil Importing Countries Impacted
  • Impact on Import Bill
  • Impact on Current Account Balance
  • Impact on Inflation
  • Opportunity for Economic Reforms
3. Losers: Oil Exporting Countries
  • Impact on Oil Exporting Countries
  • Impact on Economic Growth
  • Impact on Share of the Oil and Gas Sector
  • Vulnerability Rose
  • Impact on Current Account Balances
  • Impact on Fiscal Health
4. Outlook
  • Short-term Oil Price Forecast
  • Long-term Oil Price Forecast
  • Impact on Oil Exporters and Importers
  • Impact Analysis
  • Emerging Trends for Oil Importers
5. Mega Trends
  • Emerging Trends for Oil Exporters
  • Emerging Trends for Oil Importers
6. Key Takeaways
  • Key Takeaways (Oil Prices)
  • Key Takeaways (Opportunity for Oil Exporters)
  • Key Takeaways (Oil Importers)
  • Key Takeaways (Benefits for Industries)
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