Russian ambassador says Paris remains important partner for MoscowRussian Politics & Diplomacy May 26, 10:20
Forest fires in Siberia swell four times to cover 30,000 hectaresWorld May 26, 9:45
Seoul pins hopes on Moscow in resolving tensions on Korean PeninsulaWorld May 26, 9:14
Space technologies offer glimpse at Tsar Ivan the Terrible’s rare portraitSociety & Culture May 26, 8:05
Meteorologists name world’s deadliest cyclones, tornadoes and hailstormsWorld May 26, 7:51
Most Americans view Russia as unfriendly country — surveySociety & Culture May 26, 7:35
Trump yet to determine his stance on anti-Russian sanctionsWorld May 26, 6:29
Russia ensuring rights of workers at FIFA World Cup construction sitesSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
SOCHI, February 27. /TASS/. The oil price of $60 per barrel is suitable for consumers and for producers, Gazprom Board Chairman Viktor Zubkov told TASS in an interview on Monday.
"Calculations show that if OPEC countries abide by and do not violate the agreement [on oil production limiting - TASS], then the oil price may even grow to $60 [per barrel]. This should suit everyone because this is a normal price in such conditions," Zubkov said.
The agreement reached by oil producing nations led to stabilization of oil price; "it is about $55-56 [per barrel]," he said.
"If nobody violates these arrangements, and this is critical, the oil price may grow to $60 [per barrel] y the end of the year. However, if there are defaults on arrangements, then it may naturally drop to $50 [per barrel] and lower. Therefore it would benefit everyone - oil exporters and gas exporters - if the price is kept at the level of $55-56 [per barrel], as it is now. It would also be good if it grows to $60 [per barrel]," Zubkov said.
The oil price should be neither too high nor too low, he added.