Implications of the vulnerabilities
- Author: United Nations Conference on Trade and Development
- Main Title: Vulnerability Profile: Angola , pp 38-41
- Publication Date: March 2023
- DOI: https://doi.org/10.18356/9789210026222c007
- Language: English
Crude oil is a lucrative resource when global demand and price conditions are right. The years 2018–2020 have been anything but stable for oil exporters: the price of oil was at its weakest in decades, and the situation was further worsened by COVID-19 affecting trade logistics and demand. Although global demand and prices seemed to have recovered in 2021, the oil market is still adjusting to oversupply conditions created by excess stocks, overproduction, and growing market share of non-OPEC producers. For Angola, the oil industry’s domination of the economy is an open door to external vulnerabilities which manifest in various forms.
© 2023 United Nations
ISBN (PDF):
9789210026222
Book DOI:
https://doi.org/10.18356/9789210026222
Sustainable Development Goals:
-
From This Site
/content/books/9789210026222c007dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105
/content/books/9789210026222c007
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5