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Recently, Russian Deputy Energy Minister Alexei Teksler said that if oil prices fall below $40, Russia's oil production may decline
.
This is the first time Russia has acknowledged that low oil prices may have an impact
on its oil output.
Russia has previously said it has no plans to
cut production even when oil prices fall below $30.
But Alexei Teksler said in an interview on Friday that Russia is likely to cut production
if oil goes below $40.
Recently, Russian Deputy Energy Minister Alexei Teksler said that if oil prices fall below $40, Russia's oil production may decline
.
This is the first time Russia has acknowledged that low oil prices may have an impact
on its oil output.
Russia has previously said it has no plans to
cut production even when oil prices fall below $30.
But Alexei Teksler said in an interview on Friday that Russia is likely to cut production
if oil goes below $40.
