Russia Speaks Out Against High Oil Prices As Brent Nears $100 — Tsvetana Paraskova

• Russia’s Energy Minister, Nikolai Shulginov, claimed that the optimal oil price would be between $55 and $70.
• Oil prices broke $99 this morning on the back of Russian troops entering Ukraine after Putin declared Donetsk and Luhansk independent territories.
• Nikolai Shulginov also claimed that Russia does not support high natural gas prices as they slow down the economy and lower demand.

Saudis are the swing producer and set the price. 

OilPrice
Russia Speaks Out Against High Oil Prices As Brent Nears $100

Tsvetana Paraskova