Oil and Gas

How have low oil prices impacted energy exporters? A view from the IMF

A tower at an oil refinery flares as it cooks off excess natural gas. Image: REUTERS/Zohra Bensemra

Martin Sommer

Deputy Chief, IMF

Juan Trevino

Senior Economist, IMF

Neil Hickey

Editor, IMF

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Oil and Gas

Oil exporters budget balances. Surpluses are moving to deficits amid the sustained drop in oil prices.
Image: IMF
 Gulf countries and algeria spend more on public sector wages compared with other emerging market and developing economies. Percentage of GDP 2015
Image: IMF
Gulf countries have room to raise receipts from both indirect and direct taxes.
Image: IMF
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