Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrived in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
MOSCOW, December 1. /TASS/. The Russian government won’t change its outlook for oil prices after the decision of OPEC on oil production cut, Deputy Prime Minister Arkady Dvorkovich told reporters.
When asked whether the raise of oil price will be long-term and if the government plans to change its forecast for oil price, Dvorkovich said:
"As for the long term (increase in oil prices) - I don’t know. But we won’t change the forecast. What for?"
According to him, even if OPEC countries had failed to agree on the oil production cut, it would not have been reasonable to expect a sharp growth of oil production in Russia.
"I think that in case of a heavier tax burden investments of our local companies are limited in any case and one should not expect any sharp growth (in production)," he said.
On Wednesday, the OPEC countries agreed to cut their oil production by 1.164 mln barrels per day from the cartel’s production level in October 2016.