Contents tagged with Russian gas supply market
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Russia’s natural resource hegemony continues to decline
With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.
What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …