Sheltering the Economies of Oil Exporting Countries From Energy Shocks

KAPSARC, King Abdullah Petroleum Studies and Research Center
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KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Price shocks are a feature of international oil markets, with the oil price collapse in the second half of 2014 being the most recent example. These episodes are a source of macroeconomic disruption that harm economic activity in the short and medium term, particularly for oil-exporting countries. The recent emergence of non-conventional oil – such as light, tight oil – represents a critical change in oil markets. Investments in non-conventional oil react very aggressively to changes in oil prices, impacting the structure of oil markets, and could reduce volatility in the future.

Keywords: Economic Diversification; Gulf Cooperation Council (GCC); Macroeconomics; Non-conventional Oil; Oil Markets; Price Shocks; Sovereign Wealth Funds; Stabilization Funds; Workshop Brief (search for similar items in EconPapers)
Pages: 12 pages
Date: 2017-08
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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2017-wb06

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