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Putin: Fearful of unrest, some leaders are reading the writing on the wall (Photo: kremlin.ru)

Crude World

Petropolitics 2.0

Down to $36 from its peak of $115 a barrel in June 2014, the oil price decline has rattled petrostates around the world.

Russia, which already had a horrendous 2015, saw the rouble reach a record low against the dollar and may witness a budget deficit of 6 percent in 2016.

Azerbaijan’s manat lost a third of its value in December last year and the country is currently in talks with the International Monetary Fund and World Bank about a possible $4 billion emergency loan. Kazakhst...

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Putin: Fearful of unrest, some leaders are reading the writing on the wall (Photo: kremlin.ru)

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