Putin called a comfortable price for oil

Russian President Vladimir Putin called the price of oil comfortable for the Russian Federation.

“We have never sought either too high or too low oil prices. We feel comfortable at prices of $42 per barrel,” Putin said.

Earlier, Putin called the current oil prices a serious challenge for the country.

Fluctuations in the market began on March 6, when the participants of the OPEC+ meeting could not come to a common decision. Russia did not support the proposal to further reduce oil production by 1.5 million b/d in the second quarter of 2020. After the deal failed, oil prices fell by 30%.

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