Bank Of Baku

LUKoil president: Oil price will stabilize around $50

 LUKoil president: Oil price will stabilize around $50
# 30 September 2016 10:18 (UTC +04:00)

Moscow. Farid Akbarov - APA. OPEC decision to cut output up to 32.5-33 million barrels will stabilize the oil price around $50, LUKoil President Vahid Alakbarov said.

 

Alakbarov also added that the price may exceed $50: “This price makes shale oil price profitable. Therefore, I think oil price will stabilize around $50”. 

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