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Oil Price Shock - What are the consequences of the low price?

January 27, 2015

For consumers it's a blessing, but oil-dependent countries and oil producers are watching in horror as the oil price drops. The price has long since fallen below the level where countries can make a profit on sales.

https://p.dw.com/p/1ERqj

We'll talk about the consequences for these countries and the global economy with Claudia Kemfert, energy expert at the German Institute for Economic Research (DIW Berlin).