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Saudi Iran oil war could flood market...

Iraq's year zero: How the free market failed Iraq's economy

Middle East Eye - ‎26.07.2016‎
In wake of this news, Moody's, a US based credit rating company, has lowered "Iraq's fiscal and balance of payment challenges" despite the fact that Iraq's donor dependency will be increasing. The ongoing ... In 1989 Iraq's GDP was valued at $38 ...

Will the Saudi ceasefire in the oil war offer some price relief?

Hellenic Shipping News Worldwide - ‎17.07.2016‎
As such, it flooded the market with oil and forced prices down in an attempt to squeeze out higher-cost producers, such as those in the U.S. shale fields and Canada's oil sands. This policy had mixed results. Amid the collapse of oil prices, the U.S ...

Moneywatchers: Collapse of the petrodollar

Eureka Times Standard - ‎16.07.2016‎
By 1973, a deal was struck between the United States and Saudi Arabia [Saudi] in which every barrel of oil sold by the Saudi's would be paid for with U.S. dollars. This arrangement allowed the dollar to remain the world's reserve currency, only now ...

Can Europe And US Disengage From Middle East? – Analysis

Eurasia Review - ‎25.07.2016‎
Western policy towards the phenomenon of the so-called Islamic State (IS) in the Middle East is inextricably inter- twined with the policies of the European Union (EU) and U.S. towards the civil war in Syria, Iran, and the sectarian crisis in Iraq ...

End of an Era: The Rise and Fall of the Petrodollar System

Commodity Trade Mantra - ‎19.07.2016‎
The intricate relationship between energy markets and our global financial system, can be traced back to the emergence of the petrodollar system in the 1970s, which was mainly driven by the rise of the United States as an economic and political ...
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