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b'World oil price volatility affects the economies of the Organization of Petroleum Exporting Countries as well as their non-OPEC counterparts, but little attention is paid to non-OPEC economies, which don\\u2019t have a formal bloc to lobby for them.\\n\\nBut non-OPEC energy exporters have taken a more significant role as oil demand has increased since the late 1990s. OPEC is no longer the main exporter, and the increased demand for oil, due in part to the rapid economic development of India and the People\\u2019s Republic of China, has led to a greater diversification of suppliers.\\n\\nResearch by the Asian Development Bank Institute looks at one of the largest non-OPEC oil-exporting countries, the Russian Federation.\\n\\nRead the transcript\\nhttps://bit.ly/2JB3Wmn\\n\\nRead the report\\nhttps://www.adb.org/publications/impact-world-oil-prices-energy-exporting-economy-including-monetary-policy\\n\\nAbout the authors\\nVictoriia Alekhina is a PhD candidate of economics at Keio University, Tokyo.\\nNaoyuki Yoshino is dean of the Asian Development Bank Institute.\\n\\nKnow more about ADBI\\u2019s work on oil\\nhttps://bit.ly/2MkPn8z'