September 29, 2015
CIRCLING THE DRAIN:
Russia oil output could fall 5-10 pct if prices low for years: Deputy PM (Olesya Astakhova and Darya Korsunskaya, 9/29/15, reuters)
"We calculate the budget based on a price of $50 a barrel," Dvorkovich said at the summit, held in the Reuters office in Moscow."If prices remain at a low level for a very long time, then a reduction in production of 5-10 percent is entirely possible, that is if the prices stay at a low level for several years," he said.
Posted by Orrin Judd at September 29, 2015 7:01 PM
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