The expert called the situation on the oil market “a war declared by Saudi Arabia”
The Russian Ministry of Finance issued a statement in connection with a sharp drop in oil prices. Recall that in the morning auction the price of a barrel of Brent crude oil fell to the level of 31 dollars. Subsequently, prices slightly adjusted. Currently, the Brent barrel is trading at $ 36,3.
The Ministry of Finance noted that the price of Urals oil fell below the indicators established by the so-called budget rule. The report said that in this case, the revenue lost by the budget is compensated at the expense of the National Welfare Fund.
From the message of the department:
Meanwhile, Leonid Krutakov, associate professor of the Financial University under the Russian government, described the situation in the hydrocarbon market as “the war unleashed by Saudi Arabia” on the air of TC “Russia 24”. Answering the question of whether Riyadh’s actions to increase oil production would inflict blow on American “shale” companies, the expert said that the actions of the Saudis should not be considered as directed against US interests. Krutakov notes that Riyadh has almost always acted in the interests of the United States.
Leonid Krutakov:
According to the expert, the current situation with oil prices lies more in the geopolitical plane than in the economic one. Krutakov notes that, first of all, Saudi Arabia is trying to play against Russia and Iran with its actions.
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