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Oil Output to Be Reduced By Russia

  • Russia Deputy Prime Minister Arkady Dvorkovich said that Russia may restrain the output of its oil in the wake of low global oil prices. The other reason that he quoted behind this move was insufficient investment being made in country's energy industry. He also predicted that the oil prices will remain the same as they are now or would continue to fall for next few months. He, however, added that the prices will rebound to about $80 per barrel.