Russia reaffirms commitment to OPEC-led cuts deal in wake of oil price drop

摘要

Moscow-The Russian energy ministry said it plans to continue to act in cooperation with its partners in the OPEC/non-OPEC pact in the interests of the oil market, at a time of heightened concern about the recent in drop oil prices. Despite the Russian state budget and oil producers’ heavy dependence on oil prices, analysts do not see any immediate risks to the country or its oil and gas sector from current prices.