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

Russia 150
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). by Dalan McEndree for Oilprice.com. “If If You’re a Government.

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

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Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks.

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

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For Iran, the only other OPEC country for which the IEA provides domestic demand data, the increase in exports, 0.7 Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output. percentage points.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.