Russian Energy Minister Sees a Slight Rise in Oil Exports in 2016
As per Bloomberg report, Russian energy minister Novak said their oil exports in 2016 could be ‘slightly higher’.
Iran is already working to boost its production to 4 million barrels per day. Meanwhile, oil inventories in the US continue to remain at record highs. No wonder, oil analysts/experts are worried the current rise in prices could be short lived.
(Market News Provided by FXstreet)