oil prices objectively reflect the market situation – Kommersant
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The price of oil is at a fairly good level, says Deputy Prime Minister Alexander Novak. In his opinion, the market is now balanced.
“In my opinion, prices objectively reflect the existing picture. At a fairly good level, the market is balanced. We will discuss all these issues at the meeting (OPEC+.— “Ъ”),” Mr. Novak told reporters (quoted from TASS).
The price of Brent oil fell from about $85 to $82.5 per barrel in November. On November 16, the price fell below $78 per barrel. From June to October, the price of oil mostly rose, from about $71 on June 12 to $92 at its peak on September 27.
About the Russian Federation’s income from oil sales – in the Kommersant material “Oil overflows through the ceiling”.
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