Does the World Need More Oil?

... in 2015. Nevertheless, even such a large economy cannot reverse this bearish trend. Russia will not turn the tide on the oil market; rather it will exacerbate the current situation. For now, two major actors account for the main market uncertainty: OPEC, whose policy has literally shaken the market in July 2015, and the United States with its shale revolution and unpredictable dynamics. A number of political variables such as a possible lifting of the ban on American oil exports are a no less significant factor. The lifting of the ban seems unlikely for the time being, but the developments ...