IS THERE THE WAY OUT OF THE DARK: THE FUTURE OF THE RUSSIAN ECONOMY

... for recovering crude oil price is the growing Chinese economy in 2016-2017. This growth will consequently lead to a growth in oil prices. China, being a biggest consumer of oil (along with USA) can affect the price of oil. In the simple model of supply ... ... supply of oil exceeds demand for at least 1 million barrels per day. Making matters worse, the elimination of sanctions from Iran, will lead them to supply solid amount of additional oil to the world market. This will clearly push the prices of oil down....