Oil production does not regulate the state and oil companies; in a situation where oil prices are falling, and taxes are rising, the company can go for reducing the rate of production, said Deputy Prime Minister Arkady Dvorkovich.
HILL, 26 Jan. Russia in the current situation can support the current level of oil production, but long-term trend of lower prices may be reduced, said Deputy Prime Minister Arkady Dvorkovich.
What will happen to oil prices in 2016?
- Will collapse to $ 20 per barrel
- Will remain at around 30-35 dollars
- Edge up to 45-50 dollars
- Soar to 90-100 dollars
Comment | All polls