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Dep PM: 'Oil Could Hit USD300/bbl If Russia Shunned, But Not Likely'


Russia's state-owned TASS reporting comments from Russian Deputy PM Alexander Novak alleging that 'oil prices may rise to USD300/bbl if Russian oil is shunned, but that is unlikely.'

  • RIA reporting Novak as saying Russia is already seeking ways to diversify its oil supplies
  • TASS- Novak: 'Russia will strive to keep up its oil export volumes'.
  • IFX-Novak: 'We do not plan to cut oil output by diversifying seaborne supplies even with a discount.'

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