Saturday 21 November 2015

Russia Plays Down Threat of Low-Priced Saudi Oil Sales to Europe - Bloomberg Business

Russia Plays Down Threat of Low-Priced Saudi Oil Sales to Europe - Bloomberg Business:

"
Russian officials said Saudi Arabia won’t be able to maintain the discounted crude prices offered to refiners in Eastern Europe as the nation toned down its criticism of oil shipments from the biggest OPEC producer.
Saudi Arabia has priced its oil at a six-year low for Europe after starting to ship crude to traditional Russian markets such as Poland.
The discounted crude “is a temporary situation and it won’t work for a long period,” Nikolay Tokarev, chief executive officer of Russia’s state-run oil pipeline operator, Transneft OJSC, said in an interview on Friday."



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