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Oil price to be $80-85 a barrel in 2024 — Novak

OPEC+ countries agreed at the meeting on June 2 to extend voluntary cuts of oil production by 2.2 mln barrels daily for the third quarter

ST. PETERSBURG, June 6. /TASS/. The oil price will stand at $80-85 per barrel in 2024, Russian Deputy Prime Minister Alexander Novak told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"The price was $84 [per barrel] within four months. I believe the price [in 2024] will be about [$]80-85 [per barrel] until the end of the year," the official said.

OPEC+ countries agreed at the meeting on June 2 to extend voluntary cuts of oil production by 2.2 mln barrels daily for the third quarter. Gradual restoration of these volumes planned from the third quarter of 2024 onward.

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Alexander Novak

Foreign investments in Belarus total $5.4 bln in Q3 2024 — statistics

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Russian emergencies chief visits Cuba

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Mi-171A3 helicopter draws interest from partners in China — Russian Helicopters

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Trump 'demonstrates affinity' for Russian President Vladimir Putin — newspaper

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Trump to end NATO’s obsession to get on Russian territory — White House ex-strategist

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Russian naval aircraft hit targets by missiles in drills over Barents Sea

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Russian politician condemns destruction of dam on Kurakhovo reservoir as Kiev’s terror act

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Ukrainians play 'radio games' with Russian recon to spread disinfo on attacks — LPR expert

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DPR head Pushilin visits Ugledar, says town badly destroyed

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Russian PM to attend UN Climate Change Conference in Baku

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Top stories from the Russian press on Tuesday, November 12th

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Musk doubles down on his opinion about 'endless war' in Ukraine

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Trump appoints Florida Rep. Mike Waltz National Security Advisor

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Medvedev suggests that Elon Musk launch campaign to amend US Constitution

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FACTBOX: What we know about night-time drone attacks on Russian regions

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Erdogan praises Russia, China for backing arms embargo on Israel

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First S-550 air defense systems enter service in Russia — source

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Medvedev characterizes Great Britain as eternal adversary of Russia

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Ukraine imposes sanctions on maintenance services of two Moscow airports

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Israel reports eliminating most of Hezbollah arms production sites near Beirut

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Russian troops liberate Rovnopol community in Donbass region over past day

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Medvedev warns that EU behavior in struggle with Russia fraught with 'bad scenario'

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Russian troops secure supply route to Plekhovo in Kursk Region — commander

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Breakthrough near Krasnoarmeysk could enable Russian push toward the Dnieper — expert

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Japan remains ready to sign peace treaty with Russia — top diplomat

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Ukraine retreating fast, delaying peace to result in lost territories — entrepreneur

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