| Russia’s Economic Development Ministry has downgraded its 2015 oil price forecast to 80 dollars per barrel and this year’s average — to 99 dollars per barrel, Deputy Economic Development Minister Aleksey Vedev told the media on Tuesday.
“The expected average price of oil next year has been down to 80 dollars per barrel from 100 dollars,” he said. “Since the oil prices are on the decline now, the 2014 price of the Urals blend should be lowered to 99 dollars from the originally expected average of 104 dollars.”..............................................Full Article: Source
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