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Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... years ,” Russia’s Finance Minister Anton Siluanov said in a recent interview with the Rossiya-1 state-run news channel. The oil market urgently needs to be stabilized. Today the market is heavily influenced not only by the pandemic and the breakup of the OPEC+ agreement, but also by US sanctions. These sanctions, for instance, hamper Iran's presence in the market, and the other ... ... favor. It remains to be seen if the market rally spurred by Trump's optimistic statements will hold up. If not, the low price of oil over the long haul could put a lot of American shale companies on the brink of bankruptcy or worse. Some may choose to limit ...

03.04.2020

analytics

Does the World Need More Oil?

... near future oversupply will be absorbed by increased demand from developing countries’ rapidly growing economies, and therefore they see no reason to revise their policy. Hence, the next OPEC meeting and, accordingly, any major changes in the oil market, should not be expected before the end of October. Factor 4: Russia’s policy , Russia has stepped up oil exports even faster than OPEC: in the first six months of the year it increased exports by almost 10 percent and ranks top in in the production of this type of fuel. It is obvious that Russia had to follow the general trend of increasing oil production. In this environment, ...

15.09.2015

analytics

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)