Russia rejects higher oil prices

Analysis: Is the oil price war over? No. Russia does not expect a rise in oil prices before late 2017, and Statoil is offering all its 22,000 employees to apply for voluntary resignation.

BY KELD LOUIE PEDERSEN, FINANS

"Crude oil prices are expected to remain hovering at the current interval of USD 45-50 per barrel. Not until late 2017 will there be an improvement toward better prices."

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