Iranian oil minister says non-OPEC countries to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
MOSCOW, December 7. /TASS/. Volatility of oil prices will decline in the second half of 2016, and oil quotations will return to positive dynamics, Russia’s Economic Development Minister Alexey Ulyukayev said Monday in an interview with Rossiya 24 TV channel.
"I think that oil prices will change. Many financial analysts would agree with me — they suggest that such high volatility will last 2-3 quarters. Starting from the second half of next year it is very likely that oil prices return to positive dynamics with less volatility. In general, I think the forecast 50 (dollars per barrel) for the year is quite reasonable," he said.
On December 4, the Russian State Duma adopted the law on the federal budget for 2016. The following year, the Government will create budget for one year, without considering the forecasted 2017-2018. The budgetary rule that includes determining the maximum level of expenditure based on the average price of oil in the last three years was cancelled. The price of oil in the 2016 budget stands at $50 per barrel.