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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). billion respectively).

Russia 150
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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