Survey suggests Russians showed little interest in Nemtsov murder caseSociety & Culture July 26, 8:33
Military aviation deployed in Kazakhstan and Russia's Siberia ahead of Soyuz launchScience & Space July 26, 7:21
US denies arms supplies to Ukraine — State Department spokespersonWorld July 26, 7:12
UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
Sports minister hopes for Russia’s membership reinstatement with IAAF before 2018Sport July 25, 20:47
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.