US interest in Gulf
countries is over, therefore US withdraw troops from Iraq & Afganistan. Now
its main aim is to counter Russia is largest oil & gas exporter to Europe.
There was a period when prices of Oil was at $100/barrel, at
that time also US was not depending on supply from Middle east Gulf nations. US
on one hand lifted sanctions on Iran who is also depending on oil exports and
rival of Saudi Arebia.
Entry of US in Oil & Gas market has only one agenda of
weakening Russian & Iranian economy.
“The oil market is even more oversupplied than we had expected and we now
forecast this surplus to persist in 2016,” Goldman analysts including Damien
Courvalin wrote in the report. The global surplus of oil is even bigger than
Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a
barrel.
This will affect all oil exporting nation mainly Russia
& Iran as relations of both are affected due to Sirian conflict, with Turky
who is gateway to Europe for their future projects. Russia who have problems
with Ukren and Turkey will be more sufferer.
Europe import more than two thirds (69.1 %) of the
EU-28’s imports of natural gas and crude oil from Russia, Most of the gas and
oil lines routed through Ukren and proposed line from Turkey.
The ultimate gainer of the situation is USA as it will be
exporting to oil and gas hungry Europe.
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