World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
Keywords:
The calculations of the Saudis, Russia, Iran and Iraq, Venezuela, and other OPEC members as oil prices decline in Oct.-Dec. 2014
10/15/2014
Each side the Saudis, the Russia, and Iran is looking at the drop in oil prices and how much it can absorb using sovereign reserves as lower prices leads to budget deficits in 2015-2016. Russia and Iran face greater problems with western sanctions, and falling currency values exacerbating rising inflation. Other OPEC countries such as Venezuela and Nigeria face a crisis from falling revenues. In the U.S. this will affect shale oil production as less efficient producers shut down plants, with the overall outlook of lower oil prices being positive.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
OPEC Members Nearing Compromise on Supply Cuts
Wall Street Journal 11/26/2014
2011-2012 oil price increases and production increases by the Saudis, Iraq and Libya to increase the effectiveness of sanctions on Iranian oil
04/26/2006
Grouped Articles
Saudi, U.S., Iraq Step in to Plug Libya Oil Gap
Wall Street Journal 09/11/2013
In Libya, Unrest Brings Oil Industry to Standstill
New York Times 09/12/2013
Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina
Wall Street Journal 11/28/2013
Host of Conflicting Forces Has Saudis on a Tightrope
Wall Street Journal 04/10/2007
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Oil prices in 2012 expected to be above $100 with higher social spending by Arab countries and threats by Iran
04/19/2011
Forecasts in Dec. 2011 show oil prices remaining above $100 a barrel in 2012. The threat of Iranian retaliation for increased sanctions in the Straits of Hormuz have embedded a $10-$20 premium in oil prices say some experts. Saudia Arabia and other oil states have increased social spending after the democracy protests in the Arab world, and would like to see higher prices to support this spending.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Wall Street Journal 12/05/2011
Oil Prices Predicted to Remain Above $100 a Barrel Next Year
New York Times 12/28/2011
Iran's Economy Can Take the Pressure-;for Now
BusinessWeek 11/30/2011
Russia's budget deficit, the Reserve Fund and foreign investment
05/09/2006
The Reserve Fund, Russia's sovereign wealth fund, is now down to $26 billion. This would only cover about half of the 2011 budget deficit. The need for foreign investment to pursue economic growth, meet development needs, and for oil exploration in the Arctic.
Grouped Articles
Russia's Growth Pace Continues to Weaken
Wall Street Journal 08/11/2013
Russia Looks to Borrow to Plug Funding Gap
Wall Street Journal 09/19/2013
Russia Prepared to Let Ruble Slide
Wall Street Journal 01/30/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Putin Trumpets Economic Strength, but Advisers Seem Less Certain
New York Times 10/02/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Contraction of Iran's economy in 2013 with decline in GDP of 2.9%, and decline in crude oil output
07/02/2014
The disastrous policies pursued under president Ahmadinejad led to serious contraction in the economy and decline in crude oil output in 2012-2013. The effort to reverse this under president Rouhani in 2014-2015 with easing of sanctions and improved investor sentiment.
Grouped Articles
Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease
Wall Street Journal 07/02/2014
With Natural Gas Byproduct, Iran Sidesteps Sanctions
New York Times 08/12/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Iran poised to choose poverty over nuclear disarmament - The Washington Post
Washington Post 11/01/2014
Oil Prices Plunge With Brent Crude Below $60
Wall Street Journal 12/16/2014
Oil Price Drop, Nuclear Deal Delay Unsettle Iran’s Economy
Wall Street Journal 12/23/2014
Iran's oil exports
04/26/2006
Grouped Articles
Iran State Gas Company Faces Collapse, Hit by Sanctions
Wall Street Journal 11/19/2013
Iran Courting Western Oil Companies in Case Sanctions Are Eased
Wall Street Journal 11/22/2013
Iran's Falling Oil Output Means Less Revenue, Clout
Wall Street Journal 06/26/2010
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times 12/04/2013
Iran, unable to sell oil, stores it on tankers - The Washington Post
Washington Post 05/14/2012
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
The near collapse of Iran's state owned Gas Company following crippling western sanctions
11/19/2013
The failure to develop natural gas resources with the withdrawal of Total and other western oil companies and the lack of access to new technologies is severely hurting Iran. Iran sits on top of the world's second largest gas reserves but gas exports are limited to Turkey and Azerbaijan. Qatar which borders a large Iranian gas field has moved to develop its gas reserves with the help of Shell and other oil companies.
Grouped Articles
Iran State Gas Company Faces Collapse, Hit by Sanctions
Wall Street Journal 11/19/2013
Iran Courting Western Oil Companies in Case Sanctions Are Eased
Wall Street Journal 11/22/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
I.M.F. Study Details Perils of Iranian Economy
New York Times 02/12/2014
Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease
Wall Street Journal 07/02/2014
With Natural Gas Byproduct, Iran Sidesteps Sanctions
New York Times 08/12/2014
2013 oil production increases by Saudi Arabia, the U.S. and Iraq to make up for drop in production in Libya
09/11/2013
Grouped Articles
Saudi, U.S., Iraq Step in to Plug Libya Oil Gap
Wall Street Journal 09/11/2013
In Libya, Unrest Brings Oil Industry to Standstill
New York Times 09/12/2013
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Oil Prices on Track to Hit New Lows
Wall Street Journal 12/15/2014
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
Wall Street Journal 03/11/2015
King Salman Upends Status Quo in Region and the Royal Family
New York Times 05/10/2015
Setback to the Iraqi oil industry from sectarian conflict in Iraq in 2014
06/13/2014
Grouped Articles
Oil Industry in Iraq Faces Setback to Revival
New York Times 06/13/2014
Nominee to Replace Maliki as Iraqi Premier Is Seen as Less Divisive
Wall Street Journal 08/12/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
New York Times 11/13/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
Wall Street Journal 03/11/2015
A coordinated effort between the U.S. and Saudi Arabia to reduce the impact of disruptions in Iranian oil supplies in 2012-2013
04/12/2012
Grouped Articles
Saudi, U.S., Iraq Step in to Plug Libya Oil Gap
Wall Street Journal 09/11/2013
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
King Salman Upends Status Quo in Region and the Royal Family
New York Times 05/10/2015
Americans’ Support for Iran Nuclear Deal Holds Steady — WSJ/NBC Poll
Wall Street Journal 06/30/2015
Wall Street Journal 04/13/2012
U.S. Hopes Iran Nuclear Talks Will Reduce Tensions
New York Times 04/12/2012
Saudi Arabia and oil prices- 2011-2018
02/04/2006
Grouped Articles
Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
New York Times 10/02/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Social unrest in the Middle East and the price of oil
02/28/2006
The impact of larger social spending in Saudi Arabia and other Arab countries on the price of oil.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Saudi Arabia’s Succession Line Is Set, but the Nation’s Path Remains Uncertain
New York Times 01/23/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest
New York Times 08/24/2015
Wall Street Journal 04/18/2011
Americans Are Cautiously Open to Gas Tax Rise, Poll Shows
New York Times 02/28/2006
Russia's finance minister, Alexei Kudrin, and Russia's finances
01/25/2008
Kudrin on higher military spending of 3% of Russia's GDP, exceeding the amount spent on education. He sees this as endangering Russia's finances. Kudrin's focus on building the Russian Stabilization Fund helped Russia weather the 2008 global financial crisis. He is one of the St Petersburg officials who helped bring Putin to the Presidency. A slowing economy and a decline in oil prices would have an impact on the Russian economy. Analysts say Russia needs an oil price of $120 to support the current level of spending.
Grouped Articles
Putin Pledges Stimulus for Russian Economy
Wall Street Journal 06/21/2013
Russia Looks to Borrow to Plug Funding Gap
Wall Street Journal 09/19/2013
Russia Prepared to Let Ruble Slide
Wall Street Journal 01/30/2014
Red Alert on Russia Is Premature
Wall Street Journal 02/03/2014
Russia's Power Play Hits Economic Weak Spot
Wall Street Journal 03/04/2014
Russia Economy Worsens Even Before Sanctions Hit
New York Times 04/16/2014
Iran's declining oil exports in 2012-2013 with stricter sanctions
06/26/2010
Grouped Articles
Ex-Iran President Seeks Comeback Against Odds
New York Times 05/17/2013
Iran State Gas Company Faces Collapse, Hit by Sanctions
Wall Street Journal 11/19/2013
Iran Courting Western Oil Companies in Case Sanctions Are Eased
Wall Street Journal 11/22/2013
Iran's Falling Oil Output Means Less Revenue, Clout
Wall Street Journal 06/26/2010
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times 12/04/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
The failure of social spending supported by oil to improve economic conditions and the standard of living- the case of Venezuela and Iran
06/09/2014
A critical factor in this situation is the failure to integrate into the world economy. Under these conditions for Iran sanctions for a nuclear program and support for Syria's regime creates a sort of "pariah" status, and for Venezuela the rhetoric and state control have led to a similar situation. Because technological inputs and foreign capital and knowhow are critical for development, policies of this kind can do long term damage to the economy and reduce standards of living. Both countries have failed to invest in basic refining capacity. At the other side is Nigeria which has also failed to invest in refining capacity. In Nigeria rampant corruption eats away at the core. All three countries are oil producing countries with crumbling infrastructure and failure of the state to provide the right direction to stimulate growth.
Grouped Articles
Venezuela Pays Price for Smuggling
Wall Street Journal 06/09/2014
Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease
Wall Street Journal 07/02/2014
Venezuela's Auto Industry in a Free Fall
Wall Street Journal 07/22/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Iran poised to choose poverty over nuclear disarmament - The Washington Post
Washington Post 11/01/2014
Fall in Oil Prices Threatens Africa’s Economic Growth
Wall Street Journal 12/12/2014
The impact of sanctions and the conflict with Iran on oil prices- 2012-2014
03/20/2012
Grouped Articles
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times 12/04/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
U.S. Exempts Japan and 10 Others From Iran Oil Sanctions
New York Times 03/20/2012
Obama Clears Way for Measures Against Iran
New York Times 03/30/2012
Assessing Iran, but Thinking About Iraq
New York Times 03/31/2012
Iraq oil and gas output 2010-2014
01/08/2011
Grouped Articles
Surge in Iraqi Violence Reunites Maliki and Obama
New York Times 11/01/2013
Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina
Wall Street Journal 11/28/2013
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
New York Times 11/13/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
Wall Street Journal 03/11/2015
OPEC policy and oil prices in 2014 with supply disruptions in Libya and Iraq
06/12/2014
Grouped Articles
OPEC's Withholding Taxes Oil Majors
Wall Street Journal 06/12/2014
Libya's Prime Minister Presents Cabinet for Parliamentary Approval
Wall Street Journal 09/18/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us