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Govt Expects Oil Prices Dip in Late 2013
29.06.2013 23:46
Govt Expects Oil Prices Dip in Late 2013
Photo Credit: http://stophermosabeachoil.com

Late 2013 may see a drop in oil prices, according to the Russian government.

      The prices for the Urals brand may slide below $100 a barrel of crude next winter, RIA-Novosti news agency quoted Deputy Economic Development Minister Andrey Klepach as saying.

      Oil prices are a critical indicator for the Russian budget, with revenues from exports duties accounting for a large part of the budget. 


Sources: http://ria.ru 


Author: Mikhail Vesely

Tags: Urals brand Andrey Klepach Russian economy   

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