Russia’s oil sector will remain competitive despite the slump in prices and keep its share of the market, the country’s energy ministry noted in a statement on Monday. “The Russian oil industry has a high-quality resource base and a sufficient margin of financial strength to remain competitive at any forecast price level, as well as maintain its market share,” Russian Energy Minister Novak said, Reuters reported, citing Russian government’s official website. WTI struggles to rebound As of writing, the barrel of West Texas Intermediate (WTI) was trading at $34.20, down 17.7% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NY Fed Survey: US consumer inflation expectations stable FX Street 2 years Russia's oil sector will remain competitive despite the slump in prices and keep its share of the market, the country's energy ministry noted in a statement on Monday. "The Russian oil industry has a high-quality resource base and a sufficient margin of financial strength to remain competitive at any forecast price level, as well as maintain its market share," Russian Energy Minister Novak said, Reuters reported, citing Russian government's official website. WTI struggles to rebound As of writing, the barrel of West Texas Intermediate (WTI) was trading at $34.20, down 17.7% on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
