ILLUMINATION
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ILLUMINATION

Economy

Oil Prices 2020: Supply and Demand Shocks.

How it Affected Rich Exporting and Poor Oil Importing Nations?

The world economy has become less reliant on oil as compared to what it was a decade ago. That had already pushed crude oil prices down even before COVID-19 had set its foot in the world. The onset of COVID-19 has only pushed the prices further down to the extent that it is now distorting oil-producing economies, for a significant part of their GDPs depends just on oil. Their dream of ever-expanding and eternal…

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Sakshi Kharbanda, Ph.D.

Sakshi Kharbanda, Ph.D.

Learner| Researcher| Writer. Writes on Democracy, Capitalism and Inclusion. Fascinated by Mathematics and Mathematicians.

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