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Oil price plunge to $60 per barrel unlikely — Russia’s Finance Ministry

The Russian Finance Mnistry has worked through a stress scenario of oil prices falling to $80 per barrel

MOSCOW, October 1. /TASS/. A world oil price plunge to $60 per barrel is an unlikely scenario, Russian Finance Minister Anton Siluanov said on Wednesday.

“We believe this is unlikely,” the finance minister said, adding the budget of Saudi Arabia, a major oil exporter, was balanced at the oil price of $80-85 per barrel.

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Oil prices to fall, then stabilize — Lukoil CEO

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