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Russia’s energy ministry maintains 2018 oil price outlook

November 24, 2017, 14:32 UTC+3 SANTA-CRUZ
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SANTA-CRUZ /Bolivia/, November 24. /TASS/. Russia’s Energy Ministry maintains its outlook on the oil price for 2018 at $50-60 per barrel, the Minister Alexander Novak said Friday.

"I still project the [oil] price at the level between $50 and $60 next year," he said.

Earlier Russia’s Economy Development Minister Maksim Oreshkin said that the ministry planned to upgrade oil price outlooks for 2017 and 2018, adding that the price may exceed $50 per barrel next year.

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