russia’s energy chief blames us trade war for current oil prices
Last Updated : GMT 09:07:40
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Last Updated : GMT 09:07:40
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Russia’s energy chief blames US trade war for current oil prices

Egypt Today, egypt today

Egypt Today, egypt today Russia’s energy chief blames US trade war for current oil prices

Russia restored oil production by 80% in July
Moscow - TASS

The current level of oil prices stems particularly from the US trade war, Russia’s Energy Minister Alexander Novak said Friday.
"Those (oil price decline - TASS) are negative signals for the global economy. Crude prices are volatile and respond to existing general signals. The current prices reflect trade wars statements as well," he explained.
A sharp drop in crude prices started on July 11, as the price of Brent crude oil decreased by $4 on the day to $73 per barrel.
Oil production
Russia restored oil production by 80% in July against the reduction volume within the OPEC+ agreement, he added. 

 

 

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russia’s energy chief blames us trade war for current oil prices russia’s energy chief blames us trade war for current oil prices



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