Minister of Economic Development of Russia, Alexey Ulyukayev, said that the oil market is looking for an equilibrium when the oil price is $ 50 per barrel. He made the statement at a meeting with representatives of German business.
According to him, prices won’t be so high as a few years ago. "But it is not required. Now markets are finding new equilibrium. Speaking about oil, it is a bit higer that the amount of $50 per barrel, which is comfortable for energy suppliers and consumers," RIA Novosti cites the head of Ministry of Economic Development as saying.
