Print the Period of oversupply of oil on the market will be completed in the next year and a half, the price of oil will be above $ 55 per barrel, said the head of “Rosneft” Igor Sechin, speaking at the fifth Eurasian forum in Verona.“In the coming months we should see the completion of the period of excess supply in the market and starting the process of normalizing the situation of commercial stocks of oil and oil products”, – he noted.
“In this period, despite some recovery in shale oil production in the United States, the overall level of oil production in the U.S. is likely to remain below the highs of 2015 the Price of oil exceeds $ 55 per barrel,” – said Sechin.
According to him, “will continued low level of investment activity in large and complex projects, especially developing the “majors”, as the economy of these projects requires a more stable and higher prices”.
on the eve of the IMF published forecasts oil prices to average $ 43 per barrel in 2016, $ 51 per barrel on average for 2017 and below $ 60 in the period up to 2021.
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