Lebanon Drilling into the Benefits of Falling Oil Prices

Crude oil, one of the world’s most needed commodities, fully earned its title the “Black Gold” due to its non-renewable nature and its ever prevailing quality of initiating global tribulations. In turn, its practicality is used in almost everything: to generate heat, drive machinery, and fuel vehicles and airplanes, and its constituents are used to manufacture plastics, detergents, paints, cements, and medicines, among others.

The recent free fall in oil prices has altered the course of many global economies, leading decision makers to adapt their economic forecasts and change their tools in handling the arising consequences, positive or negative as they turned out to be.

Lebanon was bound to receive the waves of this international shock sooner or later. In saying that, this focus report will assess mainly the impact of declining oil prices on the Lebanese macro level across the major economic sectors, before taking a closer look at the micro level to examine the effects of this decline on the Lebanese oil importers and distributors.

For the full report, click on the link below:

Lebanon Drilling into the benefits of Falling Oil Prices

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