Oil over $100 is good news for all producers on the planet.
"
Each barrel exported brings more to the States
", summarizes Francis Perrin, researcher at Iris.
"
It's clearly a breath of fresh air for public finances
notes Thibault Alix, agricultural credit economist who covers Africa.
Governments will be able to tap into this windfall to mitigate the shock of soaring food prices and inflation on purchasing power and calm social tensions.
While the oil boom could support growth, the situations vary from one country to another.
This will depend on the level of production, the ability to increase it - the member countries of the OPEC+ alliance are constrained by quotas - their vulnerability and also whether they are net exporters or importers.
The oil sector has suffered for several years from underinvestment.
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Despite the high prices, investors could remain cautious in the face of an economic situation…
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