Russian Finance Minister Calls Oil Price of $45 'Balanced'
Russian Finance Minister Anton Siluanov on Wednesday said a price of $45 per barrel of oil was "balanced" for both suppliers and consumers.
In an interview with the Rossiya-24 state TV channel, he also said that budget revenues from oil and gas sales had dropped by 18 percent this year due to weaker prices.
Benchmark Brent crude oil front-month futures currently trade at over $56 per barrel.
(Reporting by Vladimir Soldatkin; Editing by Kevin Liffey)
(Reporting by Vladimir Soldatkin; Editing by Kevin Liffey)
