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Economic Research Council

Britain's Oldest Economic Think Tank

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Founded as Britain's oldest economics-focused think tank, the Economic Research Council is committed to enhancing economic understanding and fostering inclusive debate. Through innovative events, research, and digital outreach, we strive to make economic knowledge accessible to everyone, supporting informed dialogue and pluralistic ideas. Join us in shaping a society enriched by diverse economic insights and active civic participation.

Historical GDP of African OPEC Nations vs Oil Price

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2 million barrels of oil are extracted in the Niger Delta – costing $28.99 to extract each barrel of oil in Nigeria. This is significantly lower than the North Sea oil (at $44.33) but over three times more expensive than in Saudi Arabia (at $8.98)…