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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. in 2015 and 2016 respectively). Live by Energy….

Russia 150
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. percent in 2016. million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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percent in 2016. National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Even with massive deficit spending, the IMF estimated GDP growth would slow from 3.6