No flights of Russian, Syrian aviation over Aleppo in last 7 days — Defense MinistryWorld October 25, 5:24
Crimea’s integration, ecology to dominate agenda of RPF forum in YaltaRussian Politics & Diplomacy October 25, 4:31
At least 48 people killed in attack at police college in PakistanWorld October 25, 3:50
Patriarch Kirill I to hold major news conference as part of Orthodox media festivalSociety & Culture October 25, 3:12
Medvedev to hold session of Presidential Council on Strategic Development on TuesdayRussian Politics & Diplomacy October 25, 1:49
Moldovan court issues warrant for arrest of opposition figureheadWorld October 25, 1:33
Ukraine’s prosecutor general seen as possible successor to President Poroshenko — MPWorld October 25, 0:23
51 ceasefire violations reported in Syria in past day — Russian reconciliation centerWorld October 24, 23:32
Two Ukrainian cities support initiative for broader status of Russian languageWorld October 24, 23:31
LONDON, November 27. /TASS/. An oil volume of 6 million barrels per day will quit the market if oil prices stay at the current or lower levels for 7-8 months, Russian oil major Lukoil Vice-President Leonid Fedun said during a call-in conference on Thursday.
“A dramatic situation has emerged on the market, due to which all companies are revising their 2015 budgets, adapting them to new conditions,” Fedun said.
World oil prices have fallen from about $110 per barrel at the beginning of the year to under $80 per barrel at present.
The Organization of the Petroleum Exporting Countries (OPEC), which accounts for about 40% of global crude oil production, is holding a ministerial meeting in Vienna on Thursday to decide on possible output quota cuts to stabilize world oil prices.