It is realistic to believe that oil prices could reach $80 per barrel this year, it is an achievable price point, Russian Energy Minister Nikolai Shulginov said on Friday in comments likely referring to Brent prices. “It is important that oil prices suit the consumers who buy these products,” Russian media quoted Shulginov as saying.
The OPEC+ agreement, to which Russia is a party, is taking all steps to rebalance the oil market, the minister added. Three weeks ago, Russian Deputy Prime Minister Alexander Novak said that Brent…Russia Sees $80 Oil Price As Realistic This Year
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