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Tag Archives: expensive

Expensive oil will not save Russia from recession

  Photo: Tyrone Siu / Reuters Even with the stabilization of oil prices at $50 a barrel in the next three years the Russian economy get out of recession — the forecast of analysts gave a “development Centre” Higher school of Economics (HSE). The fall in GDP over 2015-2019 under …

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OPEC has aimed at the return of expensive oil

The country, consisting of a cartel of countries-exporters of oil (OPEC), began negotiating a new threshold oil price at 50 dollars per barrel, the Agency reports RNS with reference to the statement by the founder of the consulting company PIRA’s Gary Ross to Reuters. He noted that the cost of …

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