>> i think in 2016, there is a lot of oil in the market already, and not many consumers, demandsers. on top of that, we expect on top of all the already a lot of oil in the market, we will see iran to come, but 300,000 barrels per day in the next few months and maybe understand 200,000 barrels per day. there will be more oil in the market. this means 2016 may well be a year we will see oil prices under pressure. >> reporter: shouldn't someone be getting onto the phone and big players to saudi saying they need to drop the production. >> the saudi government and other producers, but two things are important to note here. one is as a result of the low oil prices, huge amount of investments for oil are deferred or cancelled. 2015, 20%, 2016 an additional 16% decline, and in in history of oil this is happening for the first time, two years in a row oil. which means that 2017, or maybe earlier, we will see a rebound of the prices. when we look at the impact of this oil prices, middle east producers are hurt the most together with russia. according to our analysis, if the prices remain arou