Black gold...
An immediate effect of recent social upheaval, which started in Tunisia and quickly spread in North Africa, has been a rapid rise in the price of oil - one of the main drivers of economic growth. And all of this, just as key economies are starting to recover. The April snapshot examines oil pricing and its economic impact as well as the oil pricing mechanisms. We take pricing a step further to the petrol pump, and assess how the national economy is placed to deal with this rapid rise in the oil price. Download PDF