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Will Russia and Saudi Arabia Cut back Oil Production?

Oil rates have recently witnessed fluctuations after reported intentions of Saudi Arabia and Russia cutting back their production to support oil prices. Rates increased after OPEC announced collaboration supporting oil prices side by side with extra-OPEC producers. London and New York based oil markets had closed weekly trade …

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Sanctions On Iran Over Nuclear Program Lifted, New Sanctions Over Missile Test Imposed

The new sanctions prevent 11 entities and individuals linked to the missile program from using the US banking system. The move came after international nuclear sanctions on Iran were lifted as part of a deal hailed by President Barack Obama on Sunday as “smart”. Four American-Iranians were also …

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End of Petroleum-Centric World? Falling Oil Prices to Shake Up World Order

Plummeting oil prices may challenge the established geopolitical status-quo and even result in war and turmoil, experts warn. Will the petroleum-centric world of the past half-century be restored again soon? The current slump in oil prices has affected giant oil corporations and the ancillary businesses; it also threatens to undermine …

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