Baku 30° C
Sechin: "The average oil price will be $ 40-43 in 2018"
Energy
- 11 September, 2017
- 06:42
Baku. 11 September. REPORT.AZ/ The average price of oil in the global market will be $ 40-43 per barrel next year.
Report informs citing the RIA Novosti, Rosneft Chief Executive Officer Igor Sechin said in an interview with Russia-24 TV channel.
"In addition to the shale oil production factor, financial instruments in the United States have a huge impact on the oil market. The dollar is now devalued by about 20%. If you calculate using the appropriate ratios, you can see that the real price for oil in the U.S. should be $ 40 / barrel”, - I. Sechin said.
Notably, Russian Energy Minister Alexander Novak predicts that the average oil price in 2018 would be $ 45-55 per barrel.
Author
Latest News
17:45
Brutal heat cancels Fourth of July events, from DC to Philadelphia
Other countries17:24
Azerbaijan's trade with US approaches $385M
Business16:59
New head of IRGC Navy warns US, Israel of 'swift retaliation' for Ali Khamenei's death
Region16:35
Azerbaijan increases its apple export revenue by almost 15%
Business16:15
Mehriban Aliyeva's appointment as chairperson of Digital Development Council - logical, far-sighted decision – OPINION
Milli Majlis15:55
Starmer warns his successor about difficult international situation
Other countries15:35
Photo
Azerbaijanis serving in Ukraine's National Police awarded in Kyiv
Diaspora15:14
Azerbaijan's potato export revenues amount to nearly $15M
Business14:50