Russian energy Minister Alexander Novak
The current oil prices around $ 50 a barrel satisfies both producers and consumers, energy Minister Alexander Novak said. According to him, to date, the price of oil “fundamentally good»
Set in a recent oil price of $ 50 dollars a barrel is a “good” and suits both producers and consumers, said the Minister energy Alexander Novak in an interview with Bloomberg. Responding to a question about going to whether Russia and Saudi Arabia, as two of the largest oil supplier to conclude any agreement to influence the oil market, Novak said that at current oil prices, this is not necessary.
“at the moment, if there is some kind of force majeure [to oil prices], to talk about any joint action it is premature”, – Novak told
«The prices for today, day. fundamentally good. About $ 50 per barrel. They satisfy both producers and consumers “, – stressed the Minister
He also said that now the world is passing away” global period of low oil prices, and such periods can last from 10 to 15 years “, however. according to Novak, according to many forecasts, prices could rise in the next few years. The head of the Energy Ministry said that the current decline in oil prices associated with the development of new technologies and the growing volume of production, but, at the same time, according to Novak, “good news” related to the growth of consumption.
Earlier, Novak also He noted that the shortage of oil on the world market can occur in two to four years. “These risks actually exist”, – said the Minister. Novak said that the deficit may be due to the fact that a huge amount of investment has left the market may make it impossible to ensure the growth of the demand in full.
June 16 the price of Brent crude oil fell to $ 47.21, showing a decline of more than $ 1.5. This cost of a barrel of Brent was not with the May 12, 2016.
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