16:55 GMT06 June 2020
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    Britain Says 'Cheerio' to EU (463)
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    Major oil producers do not need to take further action after the United Kingdom voted to exit the European Union, Russia’s First Deputy Energy Minister Alexei Teksler said Friday.

    MOSCOW (Sputnik) – Teksler added that the British referendum is unlikely to trigger special measures in natural gas delivery projects, including the proposed Nord Stream-2 pipeline into northern Europe.

    "We do not believe that major producers must take additional steps to stabilize the situation at this stage," Teskler told RIA Novosti following the so-called Brexit vote that sent markets in a tailspin.

    He forecast higher short-term oil price volatility worldwide, but stressed that the market would rebound after a realistic analysis of the Brexit's outcomes.

    Britain Says 'Cheerio' to EU (463)


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    Oil, Brexit, Nord Stream-2, Alexei Teksler, Russia, United Kingdom
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