IMF

Saudi Arabia Reducing Gasoline Subsidies to Cope with Budget Deficit

The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.

December 30, 2015 - AFP

The Price of Global Energy Subsidies: $5.3 Trillion

An IMF working paper determined that global energy subsidies totaled $5.3 trillion this year, the worst offenders are China and the U.S. Placing a price on these subsidies, which include air pollution and carbon emissions, may be key to mitigation.

May 20, 2015 - Reuters

The Far-Reaching, Lasting Effects of Low Oil Prices

With SUV sales up, car sales down, and mileage driven up, the effects of lower gas prices could soon extend to land use, making suburban and exurban commuting more affordable. Economists have a term for these effects: demand response.

February 24, 2015 - The Wall Street Journal - The Outlook

Seizing the Moment: Nations Slash Energy Subsidies as Oil Prices Fall

Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.

February 5, 2015 - The New York Times

IMF: Cut Subsidies to Cut Emissions

A new IMF report recommends cutting energy subsidies globally to reduce overall fossil fuel emissions, reports Brad Plumer.

March 31, 2013 - The Washington Post

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