In an interview with RT Joe Watt said that Russia is a country with vast natural resources, with not only hydrocarbons but also water. These are the resources that will develop in the next century, so Russia will never lose its global strategic importance.
“There are some changes in the economy, such as those that you are now experiencing, but after 10 years, the prospects and the direction will be different. But I am sure that in the long term, Russia will always be one of the most important countries in the world,” Watt told RT.
He also commented on the upcoming meeting of OPEC, which will examine the reduction of oil prices.
Talking about this comment, Watt told RT, “I think that there is a high probability of such a scenario, when for some time prices will continue to remain low, maybe even still lower than it is today, and with the second quarter it will begin to stabilize, and then return to higher levels,” Ulyukayev said.
The head of a major oil company Continental Resources, Harold Hamm, in turn, expects that the oil prices will rise by the end of the year to $ 60. The oil tycoon made this forecast after oil companies decided to cut production in North Dakota, Texas and elsewhere.
The price of oil this week fell to $30 per barrel.