IS THERE THE WAY OUT OF THE DARK: THE FUTURE OF THE RUSSIAN ECONOMY

.... Even Russian Federation, despite its stagnating economy, is still gradually producing oil. The world is drowning in oil as supply of oil exceeds demand for at least 1 million barrels per day. Making matters worse, the elimination of sanctions from Iran, will lead them to supply solid amount of additional oil to the world market. This will clearly push the prices of oil down. World major oil market players should reach an agreement and cut production of oil, in order to push the prices up. However, nobody wants to loose its share in the world oil market ...