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Saudi Arabia destabilized oil markets - Russian Energy Minister Novak

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Russian Energy Minister Alexander Novak crossed wires via Reuters earlier on the day, and outrightly blamed Saudi Arabia for lower oil prices.

    Novak said, "Saudi Arabia has this year increased production by 1.5 million barrels per day, thus effectively destabilizing the situation on the market."
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