The drop in crude oil prices seems almost a farce as they reach record lows. Within the context of North Korea’s nuclear testing and the Chinese growth slowdown, we may well ask: Is the current situation the premise of an imminent international financial crisis?
Asian stock markets are down, as are European and American ones. With oil prices nearing $30 per barrel and North Korea fine-tuning its ballistic missiles, experts are becoming increasingly concerned and the Asian continent is experiencing a somewhat stressful climate…
The Persian country will regain its position as 4th largest oil producer in the world, behind Saudi Arabia, Venezuela and Canada.