Telegram founder agrees to register service in RussiaBusiness & Economy June 28, 16:50
St. Petersburg City Assembly votes against referendum on St. Isaac’s Cathedral issueSociety & Culture June 28, 16:43
Russia’s advanced Lider-class destroyer to get nuclear propulsion unitMilitary & Defense June 28, 16:06
Russia restarts production of engines for shipborne fighter jetsMilitary & Defense June 28, 15:54
Russian senate speaker calls for international cooperation in fight against cyber crimeRussian Politics & Diplomacy June 28, 15:46
Kremlin says ‘Petya’ ransomware attack validates Russia’s call to fight hackersRussian Politics & Diplomacy June 28, 14:51
Russian Navy may get new advanced aircraft carrierMilitary & Defense June 28, 14:39
Russia will boost military power against potential aggressors, Putin saysRussian Politics & Diplomacy June 28, 14:13
Moscow warns US against irresponsible steps in SyriaRussian Politics & Diplomacy June 28, 13:59
SOFIA, December 9. /TASS/. Oil prices will remain at the level of $42-47 a barrel in 2016, Chief Executive Officer of the Russian oil major Lukoil said on Wednesday.
"I was at the meeting with OPEC member-states in Vienna where I talked to ministers from Iran and Iraq and various analysts. Everyone believes prices will stand at the current level next year. That is, we mean existing low price levels of $42-47 per barrel. Prices will start growing late in 2016 - early 2017, Alekperov said.
Oil production and consumption level will become equal in 2017 and the oil price will start growing later on, Alekperov added.
"According to our estimates, prices will be about $60 a barrel in mid-term. The mankind will continue looking for new sources of energy but conventional energy sources - oil, gas and coal - will prevail in the next 40-50 years," he said.