Alexander Novak: “It is optimal for oil prices to be around $ 45-55”

Alexander Novak: “It is optimal for oil prices to be around $ 45-55”
  • Clock-gray 12:23
  • calendar-gray 25 December 2020

Russian Government consider that it is optimal for oil prices to be around USD 45-55 for current market situation, said  Alexander Novak, the Deputy Prime Minister of the Russian Federation, APA-Economics reports citing Russian local press.

 

According to him, on the one hand, this range creates condition “not heating up" the market (to keep the market stable ), on the other hand, makes opportunity to support the consumers.

Emil Ismayilov

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