US declaration on UN reform is not organization’s document - LavrovRussian Politics & Diplomacy September 24, 13:34
US not to strike on DPRK as it is aware Pyongyang has nuclear weapon - LavrovRussian Politics & Diplomacy September 24, 13:32
US forces assist Syrian opposition force in crossing IS positionsRussian Politics & Diplomacy September 24, 12:55
Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
DAVOS, January 21. /TASS/. The secretary-general of Organization of the Petroleum Exporting Countries (OPEC) Adballa Salem El Badri does not rule out a drop in oil prices below $40 a barrel.
“The oil market is oversupplied, while the demand is declining amidst weak economic growth forecasts,” he said at the World Economic Forum in Davos, Switzerland. He added that the crude oil prices might fall “to $40 a barrel and even below that level.”
The problem is that the plunge in oil prices was too sharp, and fundamental market indicators do not correspond to a 40-50% drop, Adballa Salem El Badri said.