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This year the price of oil could reach 85-90 dollars per barrel. Such a prediction was given at a press conference in Moscow by the President of the Union of Oil and Gas Producers of Russia Gennady Schmal.
G. Schmal admitted that he considers a fair price of $ 70 per barrel. This figure satisfies as mining companies as consumers. "Today the prices are swirling around 75-80 dollars per barrel, and this is also normal," - he stressed.
Some experts forecast that oil prices return to a mark of 100 dollars, but he called this situation unlikely.
Nat Lawyer
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