Winners and Losers in the New Age of Cheap Oil

Goldman Sachs forecasts that weak oil prices will persist, with Brent averaging $85 per barrel next year. This aligns with current prices, which have dropped from $115 in June. Increased production from the US, OPEC, Libya, and Iraq, coupled with reduced demand from Asia and Europe, has led to this decline. OPEC has not reduced output to stabilize prices. Economically, Russia faces challenges due to its reliance on hydrocarbons, while emerging markets and consumers benefit from lower prices. Citigroup estimates a $1.1 trillion annual boost to the global economy, with US drivers enjoying cheaper fuel.

What is the predicted impact of oil prices at $85 on Russia's economy?

How much annual stimulus to the world economy does Citigroup calculate oil at $85 would provide?