Countries that depend heavily on oil for part of their government revenue may see companies’ investment appetite wane without fiscal reforms, analysis finds. The International Monetary Fund in April said low oil prices have led to a subdued outlook for the global economy, with importers and exporters alike feeling the impact. Growth would be uneven, it said, as advanced economies expand while developing economies shrink. Some factors, like the decline in the value of the ruble, the currency in oil-rich Russia, are easily visible, though other factors, like slow capital growth in emerging economies, are less apparent, the IMF said. Graham Kellas, vice president of fiscal research for Wood Mackenzie , said governments across the globe are examining the terms for investing in the exploration and production sector as the weak market for crude oil endures. “For some governments, the impact of the […]