Registration was successful!
Please follow the link from the email sent to

Drop in Russia's Oil Extraction Possible If Prices Fall Beyond $40/Bbl

Subscribe
Russia could possibly reduce its extraction of oil should the prices drop below $40 per barrel, Russian First Deputy Energy Minister Alexei Teksler said Friday.

Oil pump jack - Sputnik International
Russo-Saudi Oil Agreement May Leave US Hawks Out in the Cold
MOSCOW (Sputnik) – World oil prices have fallen by nearly two-thirds since mid-2014 due to market oversupply, with Brent crude averaging $48.94 per barrel and WTI $45.68 per barrel as of September 16.

“If [oil] prices drop to $40 or lower, then we will most likely see a reduction in oil extraction,” Teksler told journalists.

“Anything can happen. A price of $20 per barrel won’t last long…anything’s possible, but in the long run this is highly unlikely,” he said.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала