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
MOSCOW, February 17. /TASS/. Stocks decline on the market will lead to oil price growth and the fair level is $40-50 a barrel, Russia’s Deputy Energy Minister Kirill Molodtsov told TASS on Wednesday.
"The parity oil price is over $40 a barrel, somewhat about [$] 50. This is the price actually justified by the market and not by futures or the room for speculation. The price will grow as soon as the commodity production will finally start influencing, when consumption and free offer stocks will decline, let us say, by less than 1.5 mln barrels daily," the official said.
It was reported earlier Russian Energy Minister Alexander Novak participated in the meeting with representatives of OPEC member-states. Russia, Saudi Arabia, Qatar and Venezuela said after talks in Doha they are ready to maintain oil production at January 2016 level throughout the year if other oil producing nations join this initiative.