Saturday 11 October 2014

Global Oil Prices to Stabilize at $90 in 2015-2017: Russian Finance Ministry | Business | RIA Novosti

Global Oil Prices to Stabilize at $90 in 2015-2017: Russian Finance Ministry | Business | RIA Novosti:



"The Russian Finance Ministry expects global oil prices to stabilize at $90 per barrel in the medium-term perspective, although they could suffer a short-term setback in 2015, the ministry’s strategic planning department chief said Friday.



“We will see no sharp decline, but a fast recovery is not to be expected either,” Maksim Oreshkin told journalists in Washington.



Oreshkin ruled out as unlikely the Russian central bank’s disaster scenario in which crude oil prices plunge to a mere $60 per barrel."



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