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Commodities Briefing - Categorized | Oil, Price Watch more

Russian long-term forecast sees oil price flat in real terms

Posted on 08 November 2013

Russia forecast on Thursday that oil prices would remain flat in real terms through to 2030, taking a more bullish view than many independent forecasters who expect an exploration revolution to deliver ample supply and depress prices.
After taking inflation into account, the price of crude oil and other commodities will remain roughly unchanged over the period, the government said in its revised long-term forecast for Russia’s $2 trillion economy………………………………………..Full Article: Source


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