The Impact of Low Oil and Gas Prices on Gas Markets: A Retrospective Look at 2014-15

Anne-Sophie Corbeau, Rami Shabaneh and Sammy Six
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Sammy Six: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: In the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded.

Keywords: Consumer Behavior; Demand Elasticity; Electricity Consumption; Electricity Price; Government Subsidies; Gulf Cooperation Council (GCC); Infrastructure Development; Water Consumption (search for similar items in EconPapers)
Pages: 38
Date: 2016-05-03
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