The impact on gasoline prices of selling 11 or even 30 million barrels of oil from SPR is negligible. Moving forward the planned sale of 288 million b
Higher oil prices have raised inflationary pressures, given the weight of fuel and energy in the CPI baskets. They have also aggravated current accoun
OPEC and Russia have agreed to lift oil output starting July 2018.' The agreement is ambiguous with no concrete output targets and country level alloc
Higher oil prices will widen the current account surplus from 2.5% of GDP in 2017 to 9.6% in 2018. The fiscal deficit, including investment income, wi