| Russia’s finance ministry thinks that oil prices are unlikely to exceed 100 U.S. dollars per barrel in the short-time perspective, Maxim Oreshkin, the director of the ministry’s long-term strategic planning department, said on Sunday.
“In general, the current downward price movement is structural,” he told RB?-TV. “Investments in oil production have increased dramatically in the past decade. The market is featuring excessive offer. That is why price reduction is inevitable, it will have a structural character. We are unlikely to see prices higher than 100 U.S. dollars per barrel in the near future.”..............................................Full Article: Source
|