Who wins and loses as oil prices fall
As oil prices fall, the global economy has winners and losers. The losers include oil companies, and countries that rely on oil revenue.
But the worst-hit countries aren’t necessarily the best-known or biggest producers.
Trevor Houser, a partner at Rhodium Group analysts, has calculated the economic impact on every country if oil prices stay low. “It turns out the countries that are most vulnerable are oil producers we never hear about,” Houser says. For instance, if oil prices stay low, the Republic of Congo will effectively see about 27 percent of its economy disappear.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
