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Energy saves oil price forecast for 2018 in the range of $50-60 per barrel

MOSCOW, February 13. /TASS./ The Ministry of energy of Russia does not intend to change the forecast average annual oil prices in 2018, which is at the level $50-60 per barrel, despite the current high level. The journalists said the Minister of energy Alexander Novak.

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Dynamics of prices for oil in 2017 Dossier

“I’m your prediction does not change, I have always had estimates for 2018, the average selling price [of oil] will range from $50 to $60,” said he.

The cost of the April futures for Brent crude on London’s ICE Futures exchange is now $62,34 per barrel.

Novak did not predict how long the oil price will stay at a high level, and added that these predictions still need some time to monitor the situation .

Before the Minister of economic development of Russia Maxim Oreshkin expressed the opinion that the current increase in oil prices to $70 per barrel short-term and unstable, and in the medium term, prices are unlikely to exceed $60 per barrel.

See also

Experts: Russia and OPEC in 2018, will try to keep the prices of oil to $70

Siluanov: the price of oil in the budget rule is determined by the obligations of the budget

The MAYOR predicted budget surplus in 2018 of 1% of GDP is based on oil prices of $65 a barrel

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