Elvira Nabiullina believes that oil prices will be a half times lower than the average over the past five years – Kommersant

                             
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The price of oil will be a half times lower than the average for the last five years, the chairman of the Bank of Russia Elvira Nabiullina. A statement she made at the International Banking Congress. “Oil prices have risen. But even if they stabilize at current levels they will be somewhere in half times lower than the average for the last five years “, – the words of Ms Nabiullina Tass.

OPEC and has the status of Russian observers June 3 in Vienna discussed the prospects of development of the oil industry. Both sides agreed on most issues. Almost all of the participants expressed the hope to increase prices and confirmed the need for investment in the oil industry. Also, many supported by an increase in supply on the market due to the removal of restrictions on the production from countries such as Iran.

Learn more about how was the sixth International Seminar OPEC, read material “b” “Russia and OPEC expect oil prices».