Friday, January 16, 2015

The head of “Lukoil” predicted the fall of oil prices to $ 25 – Lenta.ru

The head of "Lukoil" predicted the fall of oil prices to $ 25 – Lenta.ru

The price of oil could fall to $ 25 a barrel. This was stated by the president of “Lukoil” Alekperov, reports Tass. According to him, such an opinion is based on recent statements by representatives of Saudi Arabia.

In general, according to Alekperov, the next year we can expect significant price fluctuations. He noted that only 15 Jan. price ranged from 10 per cent, which has never happened before.

January 16 the price of oil is traded on the London Stock Exchange ICE at the level of 49.7 dollars per barrel. Over the past few days the price rose to a few dollars after failed below the 45 dollar mark in the first decade of the month.

At the end of December, Saudi Oil Minister Ali al-Naimi said the kingdom will not cut production even if prices fall to $ 20 a barrel. In turn, Prince Alwaleed predicted that oil prices will never reach $ 100.

The collapse of oil prices occurred in the second half of 2014. He was due to increased production in Iraq, Libya and the United States, as well as slowing the increase in demand in East Asia and stagnation in Europe.

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