OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
YEKATERINBURG, April 20 (Itar-Tass) —— The price of oil per barrel in 2013 can amount up to 103 dollars, Deputy Minister of Economic Development Andrei Klepach told journalists.
“We didn’t change the forecast, the price of oil is expected to be at the level of 97 dollars per barrel,” Klepach recalled. However, according to him, the price can grow. “I think that the growth will be at the level of 100-103 dollars,” he said.
The Russian Ministry of Economic Development has already officially upgraded the forecast of the price of oil envisaged by the budget of this year from 100 to 115 dollars per barrel.
In accordance with the long-term forecast of the Ministry of Economic Development, the average price of Urals oil will amount to 106 dollars per barrel by 2030. And at first, the price will somewhat drop, and then it will gradually grow - - approximately one percent a year.