Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon


    26℃ - 32℃

  • weather-icon


    25℃ - 32℃

  • weather-icon


    25℃ - 31℃

  • weather-icon


    26℃ - 30℃

The impact of low oil prices on economic growth

Jakarta | Mon, November 27, 2017 | 08:06 am
The impact of low oil prices on economic growth After low and relatively stable prices lasting for two decades, suddenly in 2006 oil prices overshot to US$100 per barrel. (Shutterstock/-)

PREMIUM In 2008, the National Intelligence Council (NIC) of the United States launched its book titled Global Trends 2025. The book highlighted forecasts of tighter energy competition in the global market. Global oil demand was growing sharply mainly as a result of China’s double-digit economic growth; on the other hand, non-OPEC oil and gas sources such as from the North Sea were depleting. A...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.