Episode 21 Sixty Dollars a Barrel: Turning a Global Oversupply into a Policy Opportunity

$60 a barrel. A 2.7 million-barrel-per-day surplus. The global oil market is heading into one of its biggest oversupply moments outside major crises. This episode unpacks what falling energy prices really mean for development—why cheaper oil can create fiscal space, support disinflation, and open opportunities to reform subsidies and invest in growth, while history warns against trying to control volatile markets.
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Read the full report here at https://openknowledge.worldbank.org/entities/publication/d08d3ee8-e38a-4f02-8ade-95b9c6075c0b