In Russia gave a disappointing Outlook on the price of oil

The average price of oil in 2018 will be $ 40 – $ 43 per barrel. This forecast was voiced by CEO of Rosneft Igor Sechin.

“During the preliminary analysis, I think next year we will have average prices for the year in the range of 40 – 43 (dollar per barrel. – Ed.)”, – said Sechin in interview to TV channel “Russia 24”.

According to the head of the Russian company, one of the most significant factors influencing price are financial instruments in the United States.

“One of the most significant factors, along with the production of shale oil is a big impact of financial instruments in the United States on prices. Devalvirovat the dollar has now reached about 20%. If you bring the appropriate coefficients, you will see that in the US, just the true price is about $ 40 (per barrel. – Ed.)”, – said Sechin.


  • USA will print strategic oil reserve

Today, September 11, the futures on Brent crude oil with delivery in November has risen in price up to 54.07 percent. Oil rises after a substantial reduction in prices at the end of last week due to slower-than-expected opening of US oil refining capacity was halted because of the hurricane “Harvey”.

Recall, the price of Brent crude was last down to $ 40 per barrel and below at the beginning of 2016. In August of the same year, the quotes fell to the level of 41,51 per barrel. In the future, oil was trading above $ 43 per barrel.