Kremlin believes political resolve will eventually produce Russia-Japan peace dealRussian Politics & Diplomacy April 27, 16:21
Kremlin rejects reports of St. Petersburg iconic cathedral transfer approved by presidentRussian Politics & Diplomacy April 27, 16:15
Kremlin warns against actions that may fan tensions over SyriaRussian Politics & Diplomacy April 27, 16:13
Russia’s next-generation strategic bomber to perform debut flight by 2025Military & Defense April 27, 15:17
Russia’s Black Sea Fleet ship sinks after collision near Turkey's BosphorusWorld April 27, 15:07
Putin welcomes steps towards cultivating Russia-Japan tiesRussian Politics & Diplomacy April 27, 14:56
Russia’s Kvyat is 'one of the most skilled racers' in F1 racing — Toro Rosso chiefSport April 27, 14:20
Ukrainian army holds military drills close to CrimeaMilitary & Defense April 27, 13:14
Press review: Planned Putin-Trump meeting and what may have prevented St. Petersburg blastPress Review April 27, 13:00
MOSCOW, April 20. /TASS/. The oil market is not transparent enough, which leads to the demand-supply mismatch, Russia’s Deputy Prime Minister Arkady Dvorkovich said Wednesday.
"The policy of certain countries regarding diversification of energy sources aimed at supporting local production is sometimes implemented inefficiently as it creates extra costs for consumers and changes the oil and gas market balance. From our viewpoint, the situation is not transparent enough as not the whole information is provided to consumers," he said.
Earlier Russia’s Energy Minister Alexander Novak said the global crude market would stabilize by mid-2017.
On April 17, representatives of 18 oil-producing countries met in Doha (Qatar) to discuss oil price stabilization and crude production freeze at current levels. The participants of the talks failed to reach an agreement on oil production cap. After 12 hours of talks the parties said they needed some more time for consideration.