Novak: oil price in 2016 may reach $50 a barrel

Novak: oil price in 2016 may reach $50 a barrel


Russian policy is to maintain the level of oil production at the level of 525-530 million tons in accordance with energostrategia, said the Minister of energy Alexander Novak.

MOSCOW, Dec 15. Energy Minister Alexander Novak still predicts an average annual price of oil in 2016 at the level of 50 dollars per barrel.

The survey

What, in your opinion, related to a decrease in oil prices?

  • With increased production
  • The difficult economic situation in the world
  • With the collusion of a number of countries-producers
  • The reason the political situation
  • No answer

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