Russian energy minister sees a slight rise in oil exports in 2016

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    As per Bloomberg report, Russian energy minister Novak said their oil exports in 2016 could be ‘slightly higher’.

    Iran is already working to boost its production to 4 million barrels per day. Meanwhile, oil inventories in the US continue to remain at record highs. No wonder, oil analysts/experts are worried the current rise in prices could be short lived.
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