OIL AT $45? RUSSIAN FINANCE MINISTER CALLS FOR ‘BALANCED’ OIL PRICE

MOSCOW – Russian Finance Minister Anton Siluanov on Wednesday said a price of $45 per barrel of oil was “balanced” for both suppliers and consumers.

In an interview with the Rossiya-24 state TV channel, he also said that budget revenues from oil and gas sales had dropped by 18 percent this year due to weaker prices.

–¬†http://economictimes.indiatimes.com/

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