Facing the geopolitical consequences of the falling oil price in West Africa

By Sophie Quintin Adali – Oil is the king of commodities and its tumbling price has thrown global financial markets into turmoil. For fragile oil-dependent West African states this situation could spell disaster with serious consequences for international security. If the falling crude price means cheaper petrol at the pump for oil-importing European states, the outlook for their oil industry is rather gloomier. In the short to medium terms, companies will need to adjust by axing jobs and investments. For oil-exporting economies, adjusting could prove far more problematic. It is worth recalling that the crash of the oil price in 1985 was one of the determinant factors in the collapse […]

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