Lavrov says Russia-Belarus relations developing in working modeRussian Politics & Diplomacy February 21, 21:48
Condolence book in memory of Churkin opened at Russia’s Permanent Mission to UNWorld February 21, 20:53
Ukrainian billionaire Dmitry Firtash detained in Vienna at Spain’s requestWorld February 21, 20:40
UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
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.