Spanish police confirm four terrorists shot dead in CambrilsWorld August 18, 5:56
Russian nuclear submarine successfully test fires Kalibr cruise missileMilitary & Defense August 18, 5:40
Citizens of 18 countries suffered in Barcelona terror attackWorld August 18, 3:07
Russian cosmonauts successfully complete spacewalkScience & Space August 18, 2:37
Reuters: At least 100 people injured in Barcelona terror attackWorld August 18, 0:57
Krasnodar FC beats Crvena Zvezda 3:2 in Europa League play-off first leg matchSport August 17, 22:45
Putin offers condolences to King of Spain over Barcelona attackRussian Politics & Diplomacy August 17, 22:37
Russia condemns terror attack in BarcelonaRussian Politics & Diplomacy August 17, 21:32
Russian lawmaker calls on Europe to join efforts in war on terrorRussian Politics & Diplomacy August 17, 21:03
DAVOS, January 21. /TASS/. Saudi Arabia has contributed to the oil price decline for economic, rather than geopolitical reasons, US economist Nuriel Roubini said at the Davos economic forum on Wednesday.
Roubini said that Saudi Arabia acted as a typical oligopolistic leader.
They keep the prices low during a certain period of time and oust less profitable producers from the market, such as shale field developers, Venezuela, etc., he added.
Investments into production are naturally declining and low prices are kept for some time and then go up, while Saudi Arabia already captures a sizable market share, Roubini said.