Steady exports and high demand have allowed for a price increase, Aleksandr Novak told RT Discounts on Russian oil exports have been reduced more than threefold since the beginning of the year due to high demand for the commodity, Russian Deputy Prime Minister Aleksandr Novak said on Friday. Price-cuts on Russian oil have declined from $35-$38 per barrel seen at the beginning of the year to $11-$12 per barrel, and may further shrink by another $5, Novak told RT Arabic on the sidelines of the Russian Energy Week forum. Moscow earlier announced it would continue paring the discount of its flagship Urals blend of cru
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