Russian Energy Ministry Not Ruling Out Further Decline In Oil Prices, But Not Long-Term

Mohammad Ali (@ChaudhryMAli88) Published April 02, 2020 | 06:52 PM

Russian Energy Ministry Not Ruling Out Further Decline in Oil Prices, But Not Long-Term

The Russian Energy Ministry does not rule out a further decline in oil prices, but not necessarily for a long period, Energy Minister Alexander Novak said on Thursday

MOSCOW (UrduPoint News / Sputnik - 02nd April, 2020) The Russian Energy Ministry does not rule out a further decline in oil prices, but not necessarily for a long period, Energy Minister Alexander Novak said on Thursday.

"We do not rule out that the [oil] price may be lower, because this period is unprecedented, it never happened, but this does not mean that the price will stay lower for a long period," Novak said in an interview with the Ekho Moskvy broadcaster.

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