Putin awards Valtteri Bottas with Russian F1 GP TrophySport April 30, 18:02
FIA Formula One 2017 Russian Grand Prix boosts off in SochiSport April 30, 15:23
Merkel to pay first visit to Russia in two years for talks with PutinWorld April 30, 14:40
Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
MOSCOW, April 19. /TASS/. Oil prices will reach $45 per barrel in the second half of 2016 and recover to $65 per barrel by 2018, Russia’s First Deputy Energy Minister Alexey Teksler said on Tuesday.
"It seems to me the average price will be about $45 per oil barrel in the second half of the year. The figure may be $50 [per barrel] in the next year. We expect the price will recover to $65 a barrel by 2018," the official said.
Representatives of oil producing nations met on April 17 in Doha. Delegations of eighteen countries attended the meeting. The participants failed to reach the production level freeze agreement. Negotiations ended with parties’ statements they need more time for consideration. The parties agreed the OPEC will hold additional consultations with its members that did not take part in negotiations prior to the OPEC summit in June, Russian Energy Minister Alexander Novak said earlier.