Like many other industries in developing countries, oil and gas (O&G) have regularly used a mixture of domestic and external finance. The financial challenges faced by the sector have rarely been about closing financing gaps because of two inherent characteristics. Firstly, O&G have been an enabling factor for developing countries wishing to access international capital […]
Spare Capacity, Oil Prices and the Macroeconomy by Dr. Bassam Fattouh for Oxford Economic Forecasting’s conference ‘Global Macro and Industrial Outlook’ held in London on 6-7 June 2006.
For the last twenty years, oil has probably been the single most important economic commodity. Its only competitor, with the exception of money itself, has perhaps been the microchip. Oil has the greatest share of world trade, provides the mainstay of the worlds largest companies, is the dominant force in the determination of energy prices […]
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