BBC News - Falling oil prices: Who are the winners and losers? - 0 views
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The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
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Russia loses about $2bn in revenues for every dollar fall in the oil price,
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Russia has confirmed it will not cut production to shore up oil prices.
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