A collapse in the oil price will be cataclysmic — and it is going to happen.
As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- - M&G community membership
- - independent journalism
- - access to all premium articles & features
- - a digital version of the weekly newspaper
- - invites to subscriber-only events
- - the opportunity to test new online features first
Already a subscriber?
Login here.