Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting.
"The US and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro.
Market analysts say a 20-percent dip in oil prices since June is driven by lower economic growth and weak demand for crude in Europe, along with signs that the core Gulf members of the Organization of Petroleum Exporting Countries are in no hurry to cut production.
Maduro called for an extraordinary meeting of the group to explore ways to stabilize international oil prices.
Sources: Xinhua - globaltimes.cn
17/10/14
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Putin: Global Economy Will Collapse if Oil Prices Remain at $80 per Barrel....
ReplyDeleteRussian President Vladimir Putin said Friday that world economy will collapse if oil prices remain at $80 per barrel.
Shale oil production in the United States is profitable at a price of $80 per barrel, according to the Russian leader.
“If oil prices remain at $80 per barrel, it will lead to production collapse. Budgets of all major oil-producing countries are based on the price of little more than $80, close to $90 per barrel…” Putin told journalists after meeting with Ukrainian President Petro Poroshenko in Milan.
http://en.ria.ru/world/20141017/194226195/Putin-Global-Economy-Will-Collapse-if-Oil-Prices-Remain-at-80.html
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Putin does not see “any tragedy” in rising oil prices...
ReplyDelete“The prices will flatten out and get adjusted,” Putin told journalists in Milan on Friday .
“The Russian budget has been drafted in an amount of 96 dollars per barrel. For the moment, the price is below 96 dollars. But I do not see any tragedy in it. First of all, this is the current price. Besides, I believe that the price is going to flatten out and get adjusted,” Putin said.
http://en.itar-tass.com/economy/755115
17/10/14
Plunging Oil Prices Have Unpredictable Impact on Politics, Economics....
ReplyDeleteGlobal oil prices are falling drastically, and a new World Bank study says they may remain low for a year or more. Lower energy costs can often help boost economic growth. But experts tell VOA’s Jim Randle, low prices might also increase political tensions and hurt investments in key energy sectors...............video..............http://www.voanews.com/media/video/plunging-oil-prices-have-unpredictable-impact-on-politics-economics/2487943.html
17/10/14
Le baril de Brent chute sous 79 dollars ...
ReplyDeleteJeudi le baril de Brent a reculé de 1,48 dollar et a chuté au plus bas depuis septembre 2010.
Les prix continuaient de baisser jeudi face aux informations que l'OPEP ne réduira pas sa production lors de sa prochaine réunion.
Le président de Russie Vladimir Poutine a déclaré que l'économie mondiale s'écroulerait si le baril du pétrole passait sous 80 dollars.
Lire la suite: http://french.ruvr.ru/news/2014_11_13/Le-baril-de-Brent-chute-sous-79-dollars-7658/
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