SHANGHAI, February 26. The situation on commodity markets, including falling oil prices, should be reflected in the first paragraph of the communiqué of the G20 Finance, which traditionally is denoted by the position of countries on the situation in the global economy and measures to stimulate its growth. About it has informed journalists a source in the Russian delegation following the meeting in preparation of the draft communiqué of the G20 financial.
“Of course, this topic appeared, none of the exclusion did not cause the idea to celebrate such a sharp fall in the prices of commodities”, he said, adding that it’s not just about the price of oil but also on other raw materials.
The source explained that during the meetings in Shanghai had a small discussion: “Some said, let’s note that this is only bad for producing countries”.
“But that position is gone, because this situation will affect the global processes of all countries, including developed countries. This statement is, it will be in the first paragraph,” said he.
The price for oil of mark Brent by the end of 2015 fell by 49.6% since the beginning of 2016, down 15% to approximately $33 per barrel.
Oil prices over 40 years