Oil and Gas

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

A tower at the Basra South oil refinery in the southern Iraq city of Basra flares as it cooks off excess natural gas, May 20, 2004. Oil prices rose on Thursday, closing the gap to this week's 21-year peak, after data on the health of U.S. fuel stocks failed to stem worries of a possible gasoline supply crunch during peak summer holiday demand. NTRES REUTERS/Zohra Bensemra  CLH/DL - RTRJZNM

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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