Home
Director of the Russian Lukoil is a barrel of oil fell to $ 25 possible
JAN 16, 2015
MOSCOW (AP) - Director of the Russian oil company Lukoil said Friday that the price of a barrel of oil could fall to $ 25 after losing half its value since June / June
Faguyt Alekperov said in a statement quoted by Russian news agencies "can be reduced to $ 25." He predicted the Director-General for a second major Russian energy companies that the oil market remains volatile throughout the year.
Oil prices fell this week to the lowest level in six years to about $ 45 a barrel and this leads to exchange a large number of workers in the sector and abandon unprofitable projects.
In Russia, which has oil and gas believes the bulk of oil revenues led to a deterioration of the decline rate of the ruble, which also influenced by Western sanctions related to the Ukrainian crisis. In the case of oil stay at this low level, the Russian authorities warned that the country will suffer from a large budget deficit and a decline in gross domestic product could be up to 5% in 2015.
[You must be registered and logged in to see this link.]
