The Largest Oil & Energy Job Board

Putin says current oil price no tragedy for Russia's budget

MILAN, Oct 17 (Reuters) - Russian President Vladimir Putin said on Friday that the current low price of oil was not a tragedy for Russia's budget, which is highly dependent on energy revenues, and that he believed it would see an upward correction.

Speaking at a briefing after talks with Ukrainian President Petro Poroshenko in Milan, Putin said oil at a level of $80 per barrel is not profitable for producers. (Reporting by Alexei Anishchuk, Writing by Thomas Grove)

Reuters
Copyright:
Reuters
Published on:
October 17, 2014
Source url:
http://feeds.reuters.com/~r/reuters/USenergyNews/~3/1w5IWdBVcRM/story01.htm
Copyright © 2016, OilFinity. All Rights Reserved. Powered by Talenetic Job Board Software