Russia Hints at Changing Oil Price Level in Its Budget Rule ...Middle East

OILPRICE - Economy
Russia Hints at Changing Oil Price Level in Its Budget Rule
source : OILPRICE ( Middle East ) () 30
Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday. Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund. However, when the price is below $60 per barrel – as Russia’s crude grades have been for two months now – Russia taps into the fund to offset shortfalls in revenue from oil and gas exports. Changing the so-called…

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia Hints at Changing Oil Price Level in Its Budget Rule )

Also on site :

Most viewed in Economy
Supertanker With Russian Oil Anchored Near China Could Signal Weak Demand
OILPRICE - before 9 hours & 33 minute
An Undervalued Engineering Company With Strong Ties to Energy Markets
OILPRICE - before 9 hours & 21 minute
Refiners Cheer Good Start to U.S. Driving Season
OILPRICE - before 7 hours & 10 minute
Bessent admits U.S.-China negotiations are 'stalled' and CEO pessimism surges
Quartz - before 11 hour & 26 minute
Taylor Swift buys her early work, puts bad blood behind her
Quartz - before 5 hours & 21 minute
Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows
CNBC - before 11 hour & 8 minute
Trump accuses China of breaching trade agreement amid tariff turmoil 
Washington Post - before 3 hours & 3 minute
HitPaw Edimakor Mac V4.0: AI Bilingual Subtitles & Background Remover Elevate Video Creation
PR Newswire - before 4 hours & 23 minute
U.S. Ethane Exports Face Licensing Hurdles After China Lifts Tariffs
OILPRICE - before 11 hour & 48 minute
Executive Orders Ignite U.S. Nuclear Push
OILPRICE - before hour & 49 minute
REcore and Lundy Partner to Bring Navigator AI to MLSs Nationwide
PR Newswire - before 6 hours & 30 minute
Readymode Unveils "Autopilot" - A Smarter, Automated Tool for Managing and Optimizing Outbound Calls
PR Newswire - before 8 hours & 50 minute


Latest News

Deadline Extended: More Time to Submit Your Proposal for the OpenSSL Conference 2025

before 20 minute

Światowa branża kwiatowa rozkwita w Kunming: 23. targi KIFE i IFEX zaprezentują innowacje i szanse sprzedażowe

before 21 minute

ISX Financial annonce des résultats records dans son rapport annuel 2024 - Revenus en hausse de 81 % en glissement annuel

before 37 minute

Diminishing Returns Threaten World Economic Stability

before 45 minute

Elegoo amplía sus programas de RSC para la inclusión social, cumpliendo 10 años de empoderar a los creadores

before 52 minute

White House releases partial budget, but without critical details

before 54 minute

AIxMed and CorePlus Partner to Demonstrate a Digital Urine Cytology Workflow Solution

before hour & 7 minute

Inside the region’s first-ever skin Summit: Why L’Oréal chose Saudi as a launchpad for science-led beauty storytelling

before hour & 26 minute

Executive Orders Ignite U.S. Nuclear Push

before hour & 49 minute

Kazakhstan Calls for Enhanced Middle Power Responsibility

before 2 hours & 41 minute

sInside the region’s first-ever skin Summit: Why L’Oréal chose Saudi as a launchpad for science-led beauty storytelling

before 3 hours & 2 minute

Trump accuses China of breaching trade agreement amid tariff turmoil 

before 3 hours & 3 minute

9F Inc. Announces Receipt of Nasdaq Notification Regarding Late Filing of Form 20-F

before 3 hours & 13 minute

HitPaw Edimakor Mac V4.0: AI Bilingual Subtitles & Background Remover Elevate Video Creation

before 4 hours & 23 minute

South Korea’s Industrial Output & Retail Sales decline

before 4 hours & 40 minute