Christophe de Margerie LNG tanker covers Northern Sea Route in record 6.5 daysBusiness & Economy August 22, 19:32
Kirill Serebrennikov dismisses fraud accusations as absurdSociety & Culture August 22, 19:18
From climate to transport: Arctic projects of Russian and Japanese scientistsBusiness & Economy August 22, 19:10
Trump’s Afghan strategy implies attempts to address issues by military means — analystWorld August 22, 19:00
Russian defense chief tests new neural network-based combat moduleMilitary & Defense August 22, 18:41
Poroshenko seeks to discuss alleged nuclear missile supplies to North Korea in UNWorld August 22, 18:31
Blockchain technology may be introduced in Russia’s armed forcesMilitary & Defense August 22, 18:20
US extends sanctions against North KoreaWorld August 22, 18:00
Russian space corporation plans 25 carrier-rocket launches in 2017Science & Space August 22, 17:48
St PETERSBURG, June 21 (Itar-Tass) — Averaged annual price of a barrel of crude oil will not fall below $ 90, believes Russia’s Economic Development Andrei Beloussov.
He said it Thursday as he spoke to reporters on the sidelines of the St Petersburg World Economic Forum.
“It’s unlikely that the price will fall below $ 90,” he said. “I mean the averaged annual price. Most likely, we’ll see a figure of around $ 100 upon the end of the year if the positive trend continues.”
At the end of the spring, the Ministry of Economic Development revised its forecast for the averaged annual price upwards to $ 115 per barrel, while now the market quotations keep at around $ 92 per barrel.
Beloussov believes the price will most likely make a rebound and the downward trend will not be a long-term one.
Also, the minister believes that even if the price stands at around $ 100 per barrel, this will not affect Russia’s federal budget in any way, except for a small fall of remittances to the reserve fund.