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Oil price fall below $66 unjustified, unlikely to last long — Sudan mining minister

December 12, 2014, 18:03 UTC+3 MOSCOW
1 pages in this article

Infographics Oil prices over 30 years

Oil prices over 30 years

Year-average inflation-adjusted oil price. Infographics by TASS
MOSCOW, December 12. /TASS/. The current oil price fall below $66 per barrel is unjustified, Sudanese Mining Minister Ahmed Mohamed Sadiq al-Karuri said on Friday.

“As for the oil price fall, the price decline negatively affects the Russian economy while Sudan, on the contrary, imports a large amount of oil,” the minister said at a press conference in Moscow.

The current oil price fall below $65 per barrel is an unjustified decrease, he said.

“The price will soon recover. The oil prices have fallen by now but this will not last long,” he said.

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