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Russian vice premier admits oil will exceed $150 a barrel

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O valor é equivalente a R$ 766,69 por barril de peróleo
The value is equivalent to BRL

,51 per barrel of oil| Photo: Marcelo Camargo/Agência BrasilO valor é equivalente a R$ 766,69 por barril de peróleo

Russian Deputy Prime Minister Alexander Novak admitted this Thursday fair (13) that the price of oil can reach US$ 89, equivalent to BRL,51 per barrel. “There are several forecasts that suggest, in particular, a greater increase in oil. It all depends on the balance between supply and demand,” he said before the start of the International Economic Forum in St. Petersburg.

Until this Wednesday (), the price of a barrel in the North Sea, reference in Europe, was quoted on the London market in US$ 89,

(R$ 610,O valor é equivalente a R$ 766,69 por barril de peróleo ), while oil Texas intermediary reached US$ 115,(R$ 150,18).

“I expect demand will continue to recover during the year as planned, although there are certain risks related to lockdowns in China. It remains to be seen how the global economy and consumption will develop”, explained the deputy prime minister during the event.

He also stated that Russia is close to restoring the level of oil production recorded in February this year, when the invasion began. of Ukraine, and that 540 One thousand barrels will be added to production daily from July and August. “Right now, we consider the situation balanced, although there are many uncertainties”, he concluded.

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