“As for the potential, we do not see any particular risks, because everything will return to normal.
We see no reason why prices could fall to $ 10 per barrel, that is, to a level that does not ensure the profitability of production, ”the Deputy Minister of TASS quotes.
Sorokin added that Russia can easily increase oil production at a price of $ 40-50 per barrel.
On the morning of November 2, world oil prices fell by more than 3%, while December WTI crude oil futures fell 3.72% to $ 34.46 a barrel, and Brent crude oil futures for January delivery fell by 3%. 29% - up to $ 36.69 per barrel.