Source Pravda.Ru

Russia's Cutting Of Oil Output By 30,000 Barrels/day Is A Token Of Solidarity With OPEC, Russian Analysts Say

The cutting of Russia's production of oil by 30,000 barrels a day is a token of solidarity with the Organisation of Petroleum Exporting Countries, Russian analysts believe. The oil market is now in need of any, even information, backing, the RIA Novosti correspondent quotes the investment company Russian Investors as saying. According to the company's analysts, 30,000 barrels a day is not much but Russia cannot allow a larger amount because the export of oil is a major source for its paying of foreign debts. In addition, in the last two years Russian oil companies have invested a lot in the development of oil production and their moneys now have to be repaid, believes Dmitri Druzhinin of the Prospekt oil company. In his opinion, the curtailment of the production of oil by 30,000 barrels a day, which constitutes 0.5 percent of the output of large Russian companies, cannot heavily tell on the oil market. At a regular OPEC session on November 14 it is planned to announce another curtailment of oil production by 1.5 barrels a day, reports the Prospekt company.

Comments
Gaddafi's predictions come true as Americans gang rape the world
Gaddafi's predictions come true as Americans gang rape the world
Gaddafi's predictions come true as Americans gang rape the world
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
On the verge of war: NATO tries to take over former Soviet states
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Will Russia and USA clash in Syria?
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
It's too early for Russia to think of China as alternative to the West
UK restaurant chain to sue Russian prostitute and British drug dealer
Will Russia and USA clash in Syria?
It's too early for Russia to think of China as alternative to the West
NATO to strike Russia through Suwalki Corridor
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Gaddafi's predictions come true as Americans gang rape the world
Gaddafi's predictions come true as Americans gang rape the world
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Israel is always right, just because it is Israel. However, Russia is not addicted to BDSM
Gaddafi's predictions come true as Americans gang rape the world