Date: a month ago   Category: Financial

The Russian Federation started talking about prices of oil below 40 dollars


The cost of oil can fail twice if the OPEC does not agree upon production restriction, Siluanov considers. The first Deputy Prime Minister, the Minister of Finance of the Russian Federation Anton Siluanov considers that prices of oil can fall lower than $40 for barrel in case the OPEC does not agree upon oil production restriction this summer. He told about it acting in the State Duma of the Russian Federation on Monday, June 10, TASS reports. "We do not know what will be in the summer. We do not know, the OPEC will agree about restriction of production or not. If does not agree, then the prices can fall [to oil] lower than $40, and to $30 for barrel", - Siluanov told. Let's remind, in June the agreement on reduction of production by the OPEC countries on 1.2 million barrels a day expires. Had to discuss the fate of the transaction on the second half of the year of the country of alliance in April at an extraordinary meeting. Growth of reserves of oil which even sanctions against Iran could not stop prevented to make the decision to ministers. Let's note, еа the Russian President Vladimir Putin said to last week that Russia is not interested in the high prices of oil, unlike Saudi Arabia. As it was reported, on June 5 prices of oil fell lower than 60 dollars for barrel on news about growth of stocks in the USA, but by June 10 the cost of oil exceeded 63 dollars. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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