Falling oil price tilts political, economic balance in U.S. favour

Falling oil price tilts political, economic balance in U.S. favour

Russia and Iran are heavily reliant on oil sales and face budget shortages at current price levels, analysts say, weakening their position when negotiating over Ukrainian sovereignty or the Iranian nuclear deal.
And higher oil production from the United States as well as Canada is providing a buffer against the threat of retaliatory supply curbs from Russia or further disruptions to supplies from the Middle East.
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Source: Zawya.com
Oil and Gas Press

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