Earlier, Russian Finance Minister Anton Siluanov said that the price of oil could drop to $30 a barrel if OPEC and its partners fail to agree on extending the production cuts that currently expire at the end of June. Asked to comment on Siluanov’s words, Novak told reporters that such a scenario of a sharp drop in prices is not to be ruled out. Much will depend on the situation on the oil market in the second half of this year in the third quarter on trade wars, as well as on sanctions, Novak said. Also on rt.com Russia calls the shots in a fractured OPEC “Indeed, there are big risks of over-production. But ... (full story)