MOSCOW, January 16. /TASS/. Oil prices in 2018 will be about $60 per barrel, head of the Russian Accounts Chamber Tatiana Golikova told TASS in an interview on Tuesday.
- Oil market not yet balanced despite rise of oil prices to $70 per barrel — energy minister
- Lukoil CEO says a smooth exit from OPEC + deal possible if oil price is $70 per barrel
- Russia has adjusted to current oil price, economic growth expected at 1.8% in 2018-2020
- Russia’s finance minister expects stable ruble with $55 per barrel oil price in 2018
- Lukoil CEO sees $60-65 as most preferable oil price range
"We do not actually predict the oil price. We estimate it sometimes for preparation of flash reports. Nevertheless, it seems to me the situation is such that we have all grounds to assume in connection with our arrangements with OPEC that there will be no dramatic price drop and it will be within the range of $60 per barrel, where it is now," she said.
All the extra oil and gas revenues will be accumulated and directed then to the National Wealth Fund, Golikova said. "It means that high oil price makes it possible to not merely have more stable performance and receive some increase in economic growth but to replenish our sovereign reserves also, which is certainly good," she added.