Russia has budgeted for $40 oil for 3 years (2017 - 2020) and has repeatedly indicated earlier this year that it would be happy with $60 oil. So Russia is raising the bar now to $70 to $80.  Be careful though of raising that bar too high, it could kill off demand, and stomp hard at that new bar... Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks “The growth in Brent crude prices to a comfortable level of $70 to $80 per barrel is a result with which we are f