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Why Russia Expects $40 Oil This Year

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Here’s the Real Oil Price Russia Needs to Break Even

Here’s the Real Oil Price Russia Needs to Break Even*/

– Here’s the Real Oil Price Russia Needs to Break EvenBY JACOB SHAPIRO : We published our 2017 forecast earlier this week.One of our predictions is that Russia is in for a difficult year economically.This is because Russia’s economy depends significantly on oil.
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Why Russia Expects $40 Oil This Year

Why Russia Expects $40 Oil This Year*/

– Budget deficit is a fascinating thing.It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large as expected.The thing is, no government can be 100 percent certain in advance what budget deficit it will have to contend with in any future fiscal year.
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Market Vector Russia ETF Trust(NYSE:RSX): Higher Oil Prices A Huge Boon

Market Vector Russia ETF Trust(NYSE:RSX): Higher Oil Prices A Huge Boon*/

– From Irina Slav : Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016.What’s more, if oil prices keep their current levels, the country could turn into the black by 2019 or even earlier.The deficit-free scenario for 2019 uses base-line international oil prices of US$45 a barrel, so growth could come earlier if the OPEC agreement leads to prices consistently higher than $50, closer to the US$60 mark or, who knows, possibly even higher.
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