The head of the Ministry of Energy Alexander Novak
The new cycle of high oil prices will not soon, says Energy Minister Alexander Novak. Oil at $ 150 a barrel it will be possible to see again, he said, in the long term 10-15 years
The next rise in oil prices will happen in 10-15 years, when the price per barrel of oil could reach $ 150. About this in an interview to “RIA Novosti”, said energy Minister Alexander Novak. “The next cycle will be a long time, in 10-15 years. Then, maybe, we will see the price of oil at $ 150 and above, “- said Novak
He also noted that the lack of oil in 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.
Novak said that the fall in investment has been going on for two years. This phenomenon has an inertial character, the minister said.
Earlier, Novak said that the Ministry of Energy observed decline in oil prices risks at the end of this year. The Minister said that the market will stabilize in 2017.
June 16 the price of Brent crude oil fell to $ 47.21, showing a decline of more than $ 1.5. This cost a barrel of Brent was not with the May 12, 2016.
According to analysts, the drop in prices was due to an outcome of the referendum fears of investors about the possible withdrawal of Britain from the European Union the composition of which will be held on June 23, 2016.
No comments:
Post a Comment