00:53 GMT10 August 2020
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    Oil prices may stay under $40 per barrel for quite a long period, a senior Russian official said.

    MOSCOW (Sputnik) – Oil prices may remain under $40 per barrel for quite a long time, Russian Presidential Aide Andrei Belousov said Tuesday.

    “We think there is reason to believe that this may last quite a while,” Belousov told journalists in response to whether oil prices are bound to remain low or if the current low prices are just a short-term phenomenon.

    Belousov refused to be more precise as to how long oil prices would be below $40.


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    oil prices, Andrei Belousov, Russia
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