MOSCOW: The current decline in world oil prices is caused by media reports about prerequisites for a peaceful settlement in the Middle East, Russian D...
: The current decline in world oil prices is caused by media reports about prerequisites for a peaceful settlement in the Middle East, Russian Deputy Prime Minister Alexander Novak said on Friday, reported Sputnik.
“No one can predict prices ... It is influenced by various factors, including all sorts of rumours. Yesterday’s decline, I think, was due to the news that some prerequisites for a peaceful settlement in the Middle East were voiced there. Therefore, prices react to these things,“ Novak told reporters on the sidelines of the Russian Energy Week international forum.
“There are estimates, approximately 35 million tonnes,“ Novak told reporters on the sidelines of the Russian Energy Week international forum. Meanwhile, oil and condensate production in Russia by the end of the year is expected at the level of 515 million tonnes to 521 million tonnes, he added.
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