Finance Minister Maxim Oreshkin says low oil prices may prompt output closures

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2016-01-13: oil @ 30.5$

  • http://www.reuters.com/article/russia-oil-production-closure-idUSL8N14X36L20160113

The current oil prices may lead to quite hard and fast closures of certain oil producers in coming months

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Contango & tank storage cost

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To confirm

Contracts on a ULCC is $30 000 days? Contango $2 barrel. $4 million dollars to store for 30 day

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