Crude oil price movements and their impact on South Africa

  • JC Nkomo Energy Research Centre University of Cape Town
Keywords: dependence, supply management, price fluctuations, inflation, domestic resource

Abstract

The purpose of this paper is to examine crude oil price movements and their impact on South Africa. A useful starting point is understanding the factors that have played a prominent role in influencing oil pricing. For this reason, I begin by focusing on OPEC producing countries and the challenges these countries face with supply management. After considering domestic oil pricing and accounting for fluctuations in crude oil price movements, I examine the domestic impact of oil price changes on the South African economy.

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Published
2017-10-11