Bank Of Baku

Lukoil president: Average oil price to be $55 this year

Lukoil president: Average oil price to be $55 this year
# 01 June 2017 12:09 (UTC +04:00)

Average oil price will be $55, Lukoil President Vahid Alekberov said, APA-Economics reports citing to Interfax.

 

According to him, the market focused on $55 of oil price in average: “The price does not fall, but stabilizes. Without output cut decision, the oil price would have fallen below $50. Despite the shale oil production increases, high demand will prevent decline of oil price below $40”.

 

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