Translation of "Ölpreisverfall" in English

In an attempt to stop the fall in oil prices, in February OPEC members established new production quotas.

It is benefitting from the drop in oil prices, which is boosting consumer purchasing power.

This has been aggravated and multiplied by the collapse in the price of oil in the world market.

Moreover, even before the oil-price collapse, crony capitalism had brought growth to a halt – and any serious effort to change the system would destabilize his power base.

In its latest World Economic Outlook, the International Monetary Fund noted that, despite the drop in oil prices and favorable monetary conditions, output and investment in advanced countries have consistently remained below expectations over the last two years.

With Venezuela facing economic devastation, owing partly to collapsing oil prices, its people are no longer interested in subsidizing Cuban socialism to the tune of several billion dollars per year; indeed, they have already rejected their own left-wing leadership.

Arab nationalism and its modernizing aspirations began to unravel after the Arab defeat in the 1967 Arab-Israeli War and the 1986 oil-price collapse.

Viewed in this light, the recent drop in oil prices is unsurprising, as it follows signs of weakness in every major emerging market (with the possible exception of India).

But, given the combination of massive monetary support, a now-neutral fiscal stance, a steep fall in oil prices, and a depreciated euro, it is the least we could expect, and it will bring per capita GDP back only to its 2008 level.

The argument followed is that the fall in the dollar rate and the fall in oil prices will reduce Community exports, and that therefore the fall will have to be offset by increased demand.

At the world level, when account is taken of the reaction of quantities traded to changes in prices, the fall in the oil price brings about, in 1986, a transfer of more than 60,000 million dollars from exporters (net) to oil importers (see Table 1 ).

With con siderably increased efforts in the field of R,D & D in clean coal technology and < br new systems for selling heat instead of coal (for example by third party financing) as well as an appropriate price climate, some more coal might be burnt in in dustry — but the crucial factor still is the oil price development.

Firstly, over the last year the economic environment has changed considerably with falling oil prices and the fall in the value of the dollar so that we can now look forward to a higher economic growth rate.

It clearly demonstrates that this sector is very important (with a world market share of 20%) but as a one-product industry with a single objective (to pro spect for and produce oil) is highly sensitive to fluctuations in oil prices.

The steep fall of international oil prices in recent months is severely impacting the revenues of oil exporting countries, including the United Arab Emirates (UAE).

All of these factors are expected to boost investment in equipment over the course of the year, especially if corporate profits increase due to falling oil prices and financing conditions remain favourable.

Furthermore the oil price decline from September 2014 onwards caused many operators of oil boilers to refill their oil tank which had not been emptied.

The sharply decreasing oil price at the end of the year 2014 is putting additional pressure on many oil-exporting countries including those in emerging markets.