Source Pravda.Ru

Russia Prepared To Take Extra Measures To Stabilise World Energy Market

Russia is prepared to take extra measures to stabilise the world energy market, vice-premier Viktor Khristenko stated at the briefing. According to him, these measures should be taken together with other oil-producing countries and be compulsory for execution. Khristenko believes that joint efforts of all oil-exporting countries should be conducive to setting "stable and fair" prices and balance out demand and supply in the market already in the first half of 2002. According to the Russian government estimates, a fair price of a barrel of Brent crude is USD 20-25.