In riposte to Riyadh, Russia says it is prepared to ramp up oil output
Energy Minister Novak says it can raise production to 12-13 million bpd from current 11 million bpd
Fri, Apr 22, 2016 - 5:50 AM
RUSSIA said on Wednesday that it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.
Venezuela predicted that prices could crash in the next few...