The flow of Opec petrodollars into global financial markets is set to dry up as the collapse in the oil price delivers a $316bn blow to the cartel’s revenues.
Big oil producers pumped the windfall from high oil prices in the past decade into a range of global assets, from US treasuries to equities and real estate.
Qatar bought Harrods and Paris Saint-Germain, the French football club, while Abu Dhabi’s sovereign wealth fund acquired a stake in the Time Warner building in New York. The flow of petrodollars into the global financial system boosted liquidity, spurred asset prices and helped to keep borrowing costs down.
您已閱讀37%（622字），剩余63%（1046字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。