Oil price fall below $66 unjustified, unlikely to last long — Sudan mining minister
Business & Economy
December 12, 2014, 18:03
MOSCOW, December 12. /TASS/. The current oil price fall below $66 per barrel is unjustified, Sudanese Mining Minister Ahmed Mohamed Sadiq al-Karuri said on Friday.
“As for the oil price fall, the price decline negatively affects the Russian economy while Sudan, on the contrary, imports a large amount of oil,” the minister said at a press conference in Moscow.
The current oil price fall below $65 per barrel is an unjustified decrease, he said.
“The price will soon recover. The oil prices have fallen by now but this will not last long,” he said.