TEHRAN, Apr 13 -Russia and OPEC may decide to boost production to fight for market share with the United States but would see oil prices drop to as low as $40 per barrel.
TEHRAN, Young Journalists Club (YJC) -Russia and OPEC may decide to boost production to fight for market share with the United States but would see oil prices drop to as low as $40 per barrel, TASS news agency сited Russia’s Finance Minister Anton Siluanov as saying on Saturday.
Speaking in Washington, Siluanov said that oil prices could drop to $40 per barrel or even lower for up to one year if the output cut deal is abandoned.
Source: Reuters
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