Crude oil price movements and their impact on South Africa
DOI:
https://doi.org/10.17159/2413-3051/2006/v17i4a3196Keywords:
dependence, supply management, price fluctuations, inflation, domestic resourceAbstract
The purpose of this paper is to examine crude oil price movements and their impact on South Africa. A useful starting point is understanding the factors that have played a prominent role in influencing oil pricing. For this reason, I begin by focusing on OPEC producing countries and the challenges these countries face with supply management. After considering domestic oil pricing and accounting for fluctuations in crude oil price movements, I examine the domestic impact of oil price changes on the South African economy.Downloads
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