Facebooktwitterlinkedinmail

OEF Rapid Review Articles

Policy makers in Moscow see Urals oil at an average of $50 a barrel this year, but falling to $40 at end-2017 and then staying near that level in 2018-2019. Russia’s Finance Ministry similarly highlighted the $40 level in January when it announced that the central bank would start buying foreign currency on its behalf when crude exceeds that level in order to insulate the exchange rate from oil volatility. The price of $40 is additionally being used to calculate the country’s budget in 2017-2019.
LINK TO THE SOURCE ARTICLE:
Russia Sticking To $40 Oil Scenario: Protection Against Worst-Case

 

 

SHARE YOUR THOUGHT

comments