19 Jan 2018
Expert Opinions Economy Andrian Prokip

Russia does not have reserve of strength for speculation in oil prices

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Russia does not have reserve of strength for speculation in oil prices
Photo ukrinform

Russia does not have reserve of strength for speculation in oil prices

Author: Andrian Prokip
19 Jan 2018 16:14

Source: Ukrinform

Oil prices, stimulated by OPEC, allowed Russia to relax a little bit. However, they shouldn’t get excited too soon - the US has not yet “disclosed” its shale.

Having concluded agreement with Russia on a joint reduction in oil production in order to increase its price, the OPEC countries (who own 79% of the world's reserves) have already realized that they are trapped. Indeed, the more the price of oil rises, the more players are present, among which such optional as Russia begin to get nervous. 

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