Saturday, October 3, 2015

Alexander Novak: in 2016, oil prices could rise to $ 60-70 per barrel – Kommersant

In the panel discussion Investment Forum “Sochi-2015″ Energy Minister Alexander Novak expressed the opinion that in the future, the price of oil will be $ 60-70 per barrel. “The volatility is high. Prices are subject to the following year up to $ 60-70 per barrel, but it is not the fact that the average price will be such. Average prices, in my opinion, in the long run will be $ 50 dollars “- leads TASS words of Mr. Novak.

In turn, the vice-president of LUKOIL Leonid Fedun expressed confidence that oil prices will show growth in 2016. “Next year we will see a growing trend, I am willing to bet that we’ll see at terminals $ 70-80 per barrel or even $ 100 a barrel, but it will remain very high volatility that is needed to ensure that this market developed further “, – said Mr. Fedun.

Earlier, the head of LUKOIL Vagit Alekperov mentioned that in 2016 focused on the level of $ 50-55 per barrel, and the price of oil up to the end the year will remain at the current level.

Read more about the forecasts of oil prices, see the article “Kommersant FM» «” Neither the upward or downward trend is not observed “».

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