Source Pravda.Ru

Putin completely satisfied with oil price of $70 per barrel

One should ensure the optimal oil price for consumers and producers, Russian President Vladimir Putin said at a press conference in Singapore.

"One needs an optimal price for both producers and consumers. The price that we've had just recently - about $70 per barrel - is fine with us," Putin said adding that one should not restrict oil output.

Putin also said that the Russian budget was calculated on the price of $40 per barrel. "This gives us an opportunity to feel confident, to work calmly and achieve very good results, which are reflected in macroeconomics," Putin said noting that this year Russia's budget will "most likely" have a surplus.

With a minimum external debt of 15% of GDP and a positive trade balance of $100-120 billion, there is a "good base" to achieve higher GDP growth rates and deal with structural changes.

On November 13, oil prices fell by almost seven percent - by $4.65. January futures for Brent closed at $65.47 a barrel, whereas December futures for WTI crude also fell by $4.24 to $55.69 per barrel. However, on November 14, oil prices (Brent) climbed higher than $66 per barrel.

The British Prime Minister, Government and Parliament do not understand where the hearts and minds of their people lay - against Brexit.

Brexit: Making sense of the UK and the Bipolar Brassiere

The British Prime Minister, Government and Parliament do not understand where the hearts and minds of their people lay - against Brexit.

Brexit: Making sense of the UK and the Bipolar Brassiere

The motives of the crime contradicted to each other until the very end. No connections between the suspect and the victims were established. Initially, as it often happens, the police didn't disdain to call the case as a terroristic one

Terror in the heart of the Netherlands escalates into outburst of nationalism
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Brexit: Making sense of the UK and the Bipolar Brassiere
Terror in the heart of the Netherlands escalates into outburst of nationalism
Brexit: Making sense of the UK and the Bipolar Brassiere
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
Brexit: Making sense of the UK and the Bipolar Brassiere
The neverending containment of Russia
Brexit: Making sense of the UK and the Bipolar Brassiere
Terror in the heart of the Netherlands escalates into outburst of nationalism
Christchurch aftermath: Invaders complain of invaders