Sechin predicted oil price by year-end

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Photo: Sergey Guneev/ RIA “Novosti”

The price of oil before the end of the year will amount to a maximum of $ 80 per barrel, and the company set the price at $ 63. This forecast was made by the head of “Rosneft” Igor Sechin. He told about it on air of TV channel Russia 1. It is quoted by RIA Novosti.

“So, today we see the price about 75 dollars, I think that well around these limits, the price will be 75 and a maximum of $ 80 per barrel,” he suggested.

At the time of publication of the material, the price of September futures for Brent was 72.9 per barrel.

In may 2018, analysts at Bank of America came to the conclusion that the oil price will rise to $ 100.Experts have linked the growth rates with the risk of supply disruptions from Venezuela and Iran, and also due to the reduction of world oil reserves.

At the end of June, the participating countries of the agreement on OPEC+ approved an increase in the level of oil production. The level will be raised to one million barrels per day in proportion among all States. It is assumed that the share of Russia will make 200 thousand barrels per day.

Video, photo All from Russia.

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