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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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. Live by Energy…. The emergence of the U.S., Wary of U.S.

Russia 150
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent news coming out of Russia, however, suggests that the era of US dollar dominance could be coming to an end, due to increasing competition from the world''s second largest economy and primary consumer of commodities, China. However, the Chinese have a problem in their plans for the yuan. Rise of the Yuan.

Russia 225
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

For Iran, the only other OPEC country for which the IEA provides domestic demand data, the increase in exports, 0.7 million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 percentage points. percent, matched the increased domestic output. MMbbls/day in 1H 2015 from 3.65