Lower oil prices will close ineffective oil projects, decreasing output to support prices which will return to a "fair level," Russian Energy Minister Alexander Novak said on Nov. 26.
Ukraine's Energy Challenge
Reuters: Oil price to close some projects, will return to fair level, says Russia’s Novak
Russian Energy minister Aleksandr Novak talks during a press conference with his Ukrainian counterpart after the Trilateral meeting between the EU, Russia and Ukraine on energy security at the EU headquarters in Brussels on June 11.
