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Energy Minister Says Oil Prices Should Be Based On Interests Of Oil Producers And Importers

Russia » Economics

Oil prices should be formed taking into account the interests of both oil producers and importers, Russian Energy Minister Igor Yusupov announced at a meeting with the US Secretary of Energy Spencer Abraham. The latter, in his turn, voiced US support to the position of Russia concerning justified oil prices. At the same time, he noted that oil prices are regulated by international markets.

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