Lukoil: Oil price of $60 per barrel will be dominant in 2017

December 2, 2016 TASS
oil field
"Over the next year the price of $60 per barrel will be dominant." Source: Reuters

Lukoil expects that in 2017 oil prices will be around $60 per barrel, Vice President of Lukoil Leonid Fedun said on Dec. 2.

"If we analyze the history of such operations, within six months - year oil prices will rise by 50 percent. Over the next year the price of $60 per barrel will be dominant," he said, commenting on OPEC decision to cut production.

Fedun said that OPEC has made a coordinated decision, and Russia joined the decision.

Source: TASS

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