Russian min: No need for oil market intervention now

Wednesday, 18. September 2019 14:36

There is no need to adjust prices of crude oil in 2019 and 2020, Russian Economic Development Minister Maxim Oreshkin said on Wednesday.

He stated: "No, we believe that this is an absolutely short-term event for the markets. Therefore, there are no expected qualitative changes in the forecast, especially for the next year. As for this year — it makes no sense to revise anything — we will look at the results at the end of the year."

Oreshkin's comments come after Russian President Vladimir Putin called for an independent investigation into the attacks on Saudi Aramco facilities.

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