Arab Today, arab today russia expects oil prices to be around 50 usd per barrel next year
Last Updated : GMT 08:27:29
Arab Today, arab today
Arab Today, arab today

Russia expects oil prices to be around 50 USD per barrel next year

Arab Today, arab today

Arab Today, arab today Russia expects oil prices to be around 50 USD per barrel next year

oil and gas
Moscow - Xinhua

 Russian Energy Minister Alexander Novak said he expected oil prices to average around 50 U.S. dollars per barrel next year, Russian news agency TASS reported Friday.

Falling oil prices and Western sanctions have plunged Russia's economy, which is heavily dependent on exports of energy resources, into a recession. The country's gross domestic product contracted by 3.7 percent in 2015.

"Global oil prices will stay around 40 to 50 dollars per barrel in the second half of this year, and the average price will be around 50 dollars in 2017, maybe slightly higher. It depends on many financial factors," Novak said at the 20th St. Petersburg International Economic Forum Thursday.

"We understand that oil prices highly depend on the ratio of the dollar against a basket of currencies," he added.

Novak said the decline in prices was offset by the weakening of the ruble.

"Therefore, if we talk about the cost of a ton or a barrel of oil in ruble terms, we see the preservation of approximately the same level before the price drops,

source : xinhua 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia expects oil prices to be around 50 usd per barrel next year Arab Today, arab today russia expects oil prices to be around 50 usd per barrel next year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia expects oil prices to be around 50 usd per barrel next year Arab Today, arab today russia expects oil prices to be around 50 usd per barrel next year

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday