Russia mulls oil production cut
Russia is considering cutting its oil production in a bid to revive prices, energy minister Alexander Novak said, as the ruble plunges in value. |||
Moscow – Russia is considering cutting its oil production in a bid to revive prices, energy minister Alexander Novak said Friday as the falling price of crude along with Western sanctions over Ukraine have led to the ruble plunging in value.“Is Russia ready to lower production to support prices? This question needs to be looked into carefully since the budget is strongly dependent on the price of oil,” Novak was quoted …read more
Source: Independent Online
