Russian Foreign Minister Sergey Lavrov said that falling oil prices were not a result of manipulations by the US and Saudi Arabia. He reminded that most shale oil fields were unprofitable, TASS reports.Lavrov noted that the economy of China had slowed down its growth. Saudi Arabia does not want to reduce extraction and exports and will face a budget deficit, according to the Russian minister.
Russian foreign minister calls US and Saudi Arabia irresponsible for falling oil prices
Russian Foreign Minister Sergey Lavrov said that falling oil prices were not a result of manipulations by the US and Saudi Arabia. He reminded that most shale oil fields were unprofitable, TASS reports.Lavrov noted that the economy of China had slowed down its growth. Saudi Arabia does not want to reduce extraction and exports and will face a budget deficit, according to the Russian minister.
Russian Foreign Minister Sergey Lavrov said that falling oil prices were not a result of manipulations by the US and Saudi Arabia. He reminded that most shale oil fields were unprofitable, TASS reports.Lavrov noted that the economy of China had slowed down its growth. Saudi Arabia does not want to reduce extraction and exports and will face a budget deficit, according to the Russian minister.
Russian Foreign Minister Sergey Lavrov said that falling oil prices were not a result of manipulations by the US and Saudi Arabia. He reminded that most shale oil fields were unprofitable, TASS reports.Lavrov noted that the economy of China had slowed down its growth. Saudi Arabia does not want to reduce extraction and exports and will face a budget deficit, according to the Russian minister.
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