Tuesday, December 23, 2014

Who keeps oil prices plummeting ?

Who keeps oil prices plummeting ?



OPEC Member Countries are:

Iraq
Qatar
Saudi Arabia
United Arab Emirates
Kuwait

Angola
Ecuador
Iran
Libya
Nigeria
Venezuela
Algeria



The economic growth rate in Iran's Economic which had been negative
in 2013, rose to an annualized rate of 4.6 percent in the second
quarter of 2014 (first quarter of Persian calendar).
The inflation rate also declined significantly, from near
40 percent in 2013 to under 25 percent in 2014.

Venezuelan benchmark sovereign bonds are now trading at 22 cents on the dollar.

Russian Prime Minister Dmitry Medvedev warned on Tuesday that the country’s economy is at risk of sliding into “deep recession” next year.


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