Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
Russia's top diplomat says he urged de Mistura not to delay intra-Syrian talksRussian Politics & Diplomacy December 02, 18:58
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.