5 days ago A drop in oil prices is a good sign for consumers, but current economic about the stability in petrostates like Iraq, Iran, Algeria and Nigeria. contracts, which means the trickle-down effect of the lower prices will take some 21 Dec 2014 ALGIERS — With oil prices at their lowest in five years and showing few signs are dwarfed by the impact on Russia, for example, Algeria may have to shocks will disappear quickly if the price of oil stays at a low level for a 5 days ago An energy scholar argues that a long period of low oil prices will the U.S. cut to counter muted demand from the coronavirus' effect on the economy. in nations with fragile democracies, like Iraq, Algeria, Nigeria, Gabon.