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The economic impact of lower oil prices

Ruth Tarrant

25th January 2016

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Oversupply and excess stockpiles of oil is causing the price of oil to tumble, and leading to calls from OPEC for non-OPEC members to cooperate in order to maintain a higher oil price. Clearly this suggests that oil producers are losing out, but who else loses, and are there any winners?

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Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.