Quote:
Originally Posted by Damien
This is actually what the Russians believe. Their economy is tanking due to the combination of Western (do you capitalise 'Western'?) sanctions and low oil prices and they believe the latter is a political decision from OPEC who aren't, yet, restricting the supply.
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It would be worth your while reading this handy piece of analysis:
http://www.bbc.co.uk/news/world-middle-east-30289546
What they actually seem interested in, is putting a big dent in the budgets in both Tehran and Moscow, but it's Saudi Arabia specifically, rather than the whole of Opec, that's behind it.