- +10
Rosa Balfour, Frances Z. Brown, Yasmine Farouk, …
{
"authors": [
"Moisés Naím"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [
"Carnegie Oil Initiative"
],
"regions": [
"South America",
"Middle East",
"Iran",
"Russia"
],
"topics": [
"Climate Change"
]
}Source: Getty
How Low Oil Prices Are Hitting Russia, Iran, And Venezuela
Recent oil market shifts spell bad news for a number of countries with economies based on oil.
Source: WBUR’s Here & Now
Oil prices fell on Thursday, with brent crude oil trading around $49 a barrel. That comes a day after the American Petroleum Institute reported that oil inventories rose by 9.3 million barrels last week. That means the amount of oil on the market is still very high, and analysts think that high supply will keep prices near historic lows for some time.
That is all bad news for a number of countries with economies based on oil. Moisés Naím took a look at the impact on countries including Russia, Iran, Venezuela, and Saudi Arabia with Here & Now’s Jeremy Hobson.
About the Author
Distinguished Fellow
Moisés Naím is a distinguished fellow at the Carnegie Endowment for International Peace, a best-selling author, and an internationally syndicated columnist.
- The World Reacts to Biden’s First 100 DaysResearch
- View From Latin AmericaCommentary
Moisés Naím
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- The Scramble for Europe. Russia, China, and Turkey Challenging Regional OrderBook
Europe is facing rising populism internally as well as external pressures from Russia, China, Turkey, and the United States.
Dimitar Bechev
- Russian Indoctrination in Occupied Ukrainian Schools Is a ShamCommentary
Despite a new textbook, an influx of Russian teachers and managers, and an end to the teaching of Ukrainian, the Kremlin is unlikely to have “reprogrammed” locals.
Konstantin Skorkin
- Who Is Funding Russia’s War in the 2027 Budget?Commentary
For every ruble allocated to social policy, health, and education in 2027, double that amount is earmarked for the army, the police, and the security services.
Alexandra Prokopenko
- The U.S. Has Weapons in Space. Now What?Commentary
The acknowledgment has sparked fears of a new arms race with China and Russia.
Chris O’Meara
- International Demand for Russia’s Arctic Shipping Route Is Unlikely to LastCommentary
Cargo traffic through Russia’s Northern Sea Route has increased because of the disruption caused by the conflict in the Middle East, the Ukraine war, and U.S.-China tensions.
Mikhail Korostikov