00:48 GMT19 May 2021
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    Oil in Turmoil (134)

    The Russian economic development minister said oil prices for 2017 might stand at around $48 per barrel.

    MOSCOW (Sputnik) — Oil prices for 2017 may well stand at around $48 per barrel, Russian Economic Development Minister Alexei Ulyukayev said Wednesday.

    “Today out price costs some $48 per barrel, built up from the beginning of the year – from $40.5 per barrel approximately. If this level will hold, the [medium price] per year will be $42 per barrel, so that the speculation about $48 per barrel is very realistic,” Ulyukayev said.

    Oil in Turmoil (134)


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    oil prices, Russian Ministry of Economic Development, Alexei Ulyukayev, Russia
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