Ulyukayev called “realistic” scenario of oil prices in 2016 – RBC

economic development Minister Alexei Ulyukayev Photo: Sergey Savostianov / TASS

According to Minister of Economic Development Alexei Ulyukayev, the current oil prices are “extremely low.” According to the minister, in a “more realistic” scenario, the average price of oil in 2016 will be $ 40 per barrel.

Economic Development Minister Alexei Ulyukayev called the current oil prices “extremely low” and stated that a more realistic scenario, who developed his ministry assumes an average oil price in 2016 at $ 40 per barrel.

«we have a stress scenario of $ 25 per barrel. We believe that we must be prepared for short-term tests of this kind, but we do not anticipate that within a year on average, there is such a price to stay “- he on the air” First Channel said “(quoted by Tass)

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he said the current levels of oil prices when it fluctuated around $ 30 per barrel., are “extremely low.” “We have a scenario in my opinion, is much more realistic – at $ 40 per barrel. I believe that today we all focus around this figure, “- concluded Ulyukayev

The budget for 2016, approved in late December, was calculated based on the deficit of 3% of GDP and the price of oil in. $ 50 per barrel. In early February, Ulyukayev called the situation in the fiscal sphere critical and said that with the general privatization, conduct which was previously proposed Vladimir Putin, can not linger.

«In 2014-2015, the market fell and continued to fall, we waited, when the situation changes. Now came the realization that there is no place to wait any longer. Budgetary situation critical, the general turbulence of the financial markets does not justify us to expect some kind of bounce, recover. The challenge is to spend at least an effective quality transparent transactions at extremely unfavorable market “- said he then

In October 2014, when the price of a barrel of Brent crude oil fluctuated within $ 94-85 per. barrel., deputy chairman of the Central Bank of Xenia Yudaeva said that her subordinates are working on “stress” scenario, which envisages a drop in world oil prices to $ 60 per barrel. Then Ulyukayev appreciated how unrealistic these expectations.

«I think, seriously count on it is not possible simply because the price, which is not comfortable for either one of the largest producers and exporters of oil. Just down the cost, in terms of budget country – none of the countries did not survive, so, of course, the market will just decrease the supply of oil, and the balance will be achieved. On the lower than now, the level, but far from the $ 60 “- then said the minister at the forum” Russia Calling »

In January 2016 the price of Brent crude on London Stock Exchange reached a local minimum!. -. $ 27.1 per barrel, after which prices rose slightly and reached a maximum level of $ 36.25 per barrel. In the course of further trades in February, Brent prices are not out of the designated corridor.