article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). billion respectively). Wary of U.S. Wary of U.S.

Russia 150
article thumbnail

Is A Second OPEC Cut In The Cards?

Green Car Congress

The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent, thanks to the cartel’s leader and biggest producer, Saudi Arabia, which has been cutting deeper than pledged. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.