Laotian officials asked Russia to consider the possibility of selling oil at advantageous prices. This was reported by RIA News.
It is stated that representatives of the Asian country suggested that “preferential prices” for fuel be taken into account in transactions between the oil companies of the two countries. For this, Russia and Laos need to make a bilateral agreement.
Additionally, Laos asked the Russian Federation to provide support in responding to chemical emergencies. The parties also agreed to continue cooperation in the field of nuclear energy.
Before that the Ministry of Finance of the Russian Federation reportedIt was stated that the average price of Ural oil in January-November 2023 decreased by 15 dollars compared to the same period last year.
In October, the value of the Urals was $81.52 per barrel, and in November it was $72.84 (the price fell by 10.6%).
1 December Reuters reportedIt was stated that the USA advised the European Union (EU) officials to approach the introduction of maximum prices for Russian oil carefully.
Previously recognizedWhen oil prices fall to $50 per barrel.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.