Russia, OPEC could boost oil production to fight for market share with U.S. - Minister

Russia, OPEC could boost oil production to fight for market share with U.S. - Minister
# 13 April 2019 19:05 (UTC +04:00)

Russia and OPEC may decide to boost production to fight for market share with the United States but would see oil prices drop to as low as $40 per barrel, Russia’s Finance Minister Anton Siluanov said, ONA reports citing ITAR-TASS.

Speaking in Washington, Siluanov said that oil prices could drop to $40 per barrel or even lower for up to one year if the output cut deal is abandoned.

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