Falling oil prices: expert talks about impact on Tunisia?
The sharp fall in global oil prices could benefit Tunisia, particularly in terms of its trade deficit, says energy consultant Ezzeddine Khalfallah.
Speaking on the Mosaique FM on Monday, he pointed out that the country, which is heavily dependent on energy imports, generally benefits from falling prices.
According to him, world crude oil prices are mainly determined by two benchmarks: North Sea Brent for Europe and Africa, and WTI (West Texas Intermediate) for the United States.
While supply and demand remain the main drivers, other geopolitical or economic elements can also influence markets, he stressed.
He believes that a possible rapprochement between Washington and Tehran could lead to a rebound in crude oil prices.
In the meantime, prices continue to fall. Following the recent announcement of US tariffs, oil markets entered a sharp downturn, losing more than 20% in four days. This sharp fall has taken prices to their lowest level since 2021.
On Monday, April 14, the trend remains negative. Fears of a global economic slowdown, fuelled by rising trade tensions between China and the United States, are weighing on energy demand.
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Falling oil prices: expert talks about impact on Tunisia?
The sharp fall in global oil prices could benefit Tunisia, particularly in terms of its trade deficit, says energy consultant Ezzeddine Khalfallah. Speaking on the Mosaique FM on Monday, he pointed out that the country, which is heavily dependent on energy imports, generally benefits from falling prices. According to him, world crude oil prices are mainly determined by two benchmarks: North Sea Brent for Europe and Africa, and WTI (West Texas Intermediate) for the United States. While supply and demand remain the main drivers, other geopolitical or economic elements can also influence markets, he stressed. He believes that a possible rapprochement between Washington and Tehran could lead to a rebound in crude oil prices. In the meantime, prices continue to fall. Following the recent announcement of US tariffs, oil markets entered a sharp downturn, losing more than 20% in four days. This sharp fall has taken prices to their lowest level since 2021. On Monday, April 14, the trend remains negative. Fears of a global economic slowdown, fuelled by rising trade tensions between China and the United States, are weighing on energy demand.
