Agency does not exclude decline of oil price event to below $40 a barrel. In this case, a financial crisis may be observed in the world. Along with this, this process may cause devaluation of currency, as well as default of some countries.
Experts say the oil price will go down 37% by the year-end.
Russia, the world’s largest producer, can no longer rely on the same oil revenues to rescue an economy.
Iran. Nigeria, and Venezuela also rank among the biggest losers from the decision by the Organization of Petroleum Exporting Countries last week to let the force of the market determine what some experts say will be the first free-fall in decades.
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