Assads backers in Tehran and Moscow are finding that funding - TopicsExpress

Assads backers in Tehran and Moscow are finding that funding genocides getting increasingly expensive... Brent oil slumps under $50 for first time since 2009 07-01-2015: ...The move below $50 shows how momentum is everything here, CMC Markets analyst Michael Hewson told AFP. With no sign that OPEC will do anything about over-production, it seems likely that we could well see further declines towards $40 in the coming weeks -- particularly given that demand shows no signs of picking up. ...Venezuela, Nigeria and Iran, and major non-OPEC oil producer Russia, are desperate for prices to recover. With OPEC unwilling to make major cuts in oil production as it wants to retain its market share ... and other countries like Russia whose economy is in decline not able to afford any (oil output) cuts, the imbalance between too much supply and only moderate demand seems to persist for the foreseeable future, added Huber.

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