Russian Energy Ministry: $150 per barrel possible

Russian Energy Ministry: $150 per barrel possible

Russian Energy Minister Nikolai Shulginov told Izvestia newspaper that Moscow is ready to sell oil and oil products to “friendly countries in any price range”.

Shulginov said crude prices in the range of $80 to $150 a barrel were in principle possible but said Moscow was more focused on ensuring the oil industry continues to function, Interfax reported. 

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