Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, December 29, 2015

Russia blames Saudis for low oil prices

Russia blames Saudis for low oil prices Moscow (UPI) Dec 28, 2015 - Russian Energy Minister Alexander Novak said in a television interview Monday it was Saudi Arabia that was to blame for the collapse in crude oil prices. Despite last week's rally, Brent crude oil prices are down 36 percent from this time last year and continue to hold beneath $40 per barrel. High supply, despite the lower price for crude oil, and weak demand are putting downward pressu ... morehttp://www.oilgasdaily.com/reports/Russia_blames_Saudis_for_low_oil_prices_999.html

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