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Economy
Excess oil supply with static demand: what will happen next? PDF Print E-mail
By Alazar Kebede   
Tuesday, 16 December 2014 05:41

Practically speaking, the 25% oil price fall in less than three months is exceptional. In a politically driven market, many people believe a political decision by someone, somewhere, must have forced prices down.
The most popular conspiracy theory is that the United States and Saudi Arabia have combined to take money away from their major adversaries - Russia and Iran - and to bring them to the negotiating table in order to sort out a deal on Ukraine and Iran’s nuclear ambitions, respectively. Add a comment

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