The Geopolitics of low oil prices

Since last June the international price of oil has dropped by more than half. Global supply has increased steadily in recent years on the back of shale oil production in the US and other new sources.

The resulting sharp fall in price threatens to upset the economies of traditional oil producers such as Russia, Saudi Arabia, Venezuela, Nigeria, and others.

DIIS senior researcher Luke Patey appeared on China’s CCTV to discuss the geopolitical implications of the fall in oil prices over the past six months. Watch here at 9:55 mark.