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.

See also

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

Leave a comment

Confirm that you are not a bot - select a man with raised hand: