The Heat: Falling oil prices

The Heat

The Heat: Falling oil prices

Countries like Saudi Arabia and Iran are watching what they spend as oil prices continue to fall. So, what does the future hold for these so-called petro-economies?

Lavish lifestyles may be coming to an end for many of the oil-rich nations in the Middle East. Oil prices have dropped, and while people at the pump are happy about spending less, those same countries which rely on oil income are feeling a financial pinch.

CCTV America’s Business Correspondent Owen Fairclough reports.

The Heat: Falling oil prices pt1

The Heat: Falling oil prices pt1

Countries like Saudi Arabia and Iran are watching what they spend as oil prices continue to fall. So, what does the future hold for these so-called petro-economies? Lavish lifestyles may be coming to an end for many of the oil-rich nations in the Middle East. Oil prices have dropped, and while people at the pump are happy about spending less, those same countries which rely on oil income are feeling a financial pinch. CCTV’s Business Correspondent Owen Fairclough reports.

The Heat brought on:

  • Ali Al-Ahmed, a Saudi scholar and analyst.
  • Abdulateef Al Mulhim is a columnist for Arab News and Alyaum newspapers.
  • Manouchehr Takin is a global oil and energy consultant.
  • Steven Hanke is Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute and a professor of applied economics.

The Heat: Falling oil prices pt2

The Heat: Falling oil prices pt2

Countries like Saudi Arabia and Iran are watching what they spend as oil prices continue to fall. So, what does the future hold for these so-called petro-economies? Lavish lifestyles may be coming to an end for many of the oil-rich nations in the Middle East. Oil prices have dropped, and while people at the pump are happy about spending less, those same countries which rely on oil income are feeling a financial pinch. The Heat brought on: Ali Al-Ahmed, a Saudi scholar and analyst.Abdulateef Al Mulhim is a columnist for Arab News and Alyaum newspapers. Manouchehr Takin is a global oil and energy consultant. Steven Hanke is Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute and a professor of applied economics.


The Heat: Falling oil prices pt3

The Heat: Falling oil prices pt3

Countries like Saudi Arabia and Iran are watching what they spend as oil prices continue to fall. So, what does the future hold for these so-called petro-economies? Lavish lifestyles may be coming to an end for many of the oil-rich nations in the Middle East. Oil prices have dropped, and while people at the pump are happy about spending less, those same countries which rely on oil income are feeling a financial pinch. The Heat brought on: Ali Al-Ahmed, a Saudi scholar and analyst.Abdulateef Al Mulhim is a columnist for Arab News and Alyaum newspapers. Manouchehr Takin is a global oil and energy consultant. Steven Hanke is Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute and a professor of applied economics.