Low-cost domestic energy could help to lower the trade deficit, spur investment, and decrease America’s economic exposure to volatile oil-exporting countries.
In other countries, such as Ethiopia, Morocco and South Africa, the need to reduce dependence on volatile oil markets is supporting the renewable energy sector.
In recognizing the impacts of volatile oil prices and finite resources, a number of delegations reiterated the importance of addressing energy security through regional cooperation.
That had significant implications for the region’s energy security, as the majority of countries were net energy importers and were particularly affected by volatile oil prices.
Mr. Mra (Myanmar) said that volatile oil prices and the upsurge in terrorism had triggered a slowdown in global economic growth in the second quarter of
There has been a growing awareness in the GCC countries of the need for greater fiscal discipline in order to reduce dependence on the volatile oil revenues
A recent study by UNCTAD indicated that increases in oil prices drove up maritime freight rates, especially in periods of sharply rising and more volatile oil prices.
Expressing concern that volatile oil prices may threaten the region’s nascent recovery from the global economic crisis and its prospects for achieving the Millennium Development Goals by 2015,
Expressing concern that volatile oil prices may threaten the region’s nascent recovery from the global economic crisis and its prospects for achieving the Millennium Development Goals by 2015,
Expressing concern that volatile oil prices may threaten the region’s nascent recovery from the global economic crisis and its prospects for achieving the Millennium Development Goals by 2015,
The key reasons for such high volatility include the financial crisis, volatile oil prices, negative travel advisories, perceived health risks and dependence on a limited number of major source markets.
The key reasons for such high volatility include the financial crisis, volatile oil prices, negative travel advisories, perceived health risks and dependence on a limited number of major source markets.