APEC Publications | Impact of Low Oil Price on Energy Security

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Impact of Low Oil Price on Energy Security

Impact of Low Oil Price on Energy Security

PUBLICATION NUMBER
APEC#217-RE-01.7
YEAR
2017
PUBLISHED DATE
July 2017
TYPE OF PUBLICATION
Reports
PUBLICATIONS UNDER
PAGES
92
ACCESSED
542

 

Description

This study analyses various outcomes of impact of low oil price. Oil-consuming economies would gain benefits from low oil price. However, low oil price would deliver a major blow to oil-producing economies and oil major companies. To cope with the impact, oil-producing economies must secure revenues by drawing down assets of their sovereign wealth funds (SWFs) and other means. Long-running low oil price would bring disincentives for oil-producing economies to continue to invest oil upstream sector, which would result in decrease in crude oil production in the future.




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File size: 7174.57KB



DESCRIPTIONS

Description

This study analyses various outcomes of impact of low oil price. Oil-consuming economies would gain benefits from low oil price. However, low oil price would deliver a major blow to oil-producing economies and oil major companies. To cope with the impact, oil-producing economies must secure revenues by drawing down assets of their sovereign wealth funds (SWFs) and other means. Long-running low oil price would bring disincentives for oil-producing economies to continue to invest oil upstream sector, which would result in decrease in crude oil production in the future.

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Download

File size: 7174.57KB