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 (Pakistan Point 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.