MOSCOW, 23 Dec. The Ministry of economic development of the Russian Federation may revise the forecast of oil prices for 2016 with a $ 50 per barrel to the downside, said the Minister of economic development of Russia Alexei Ulyukayev.
“It may be revised downwards, more precisely I will not tell you,” said the speaker journalists, answering a question about what can be the price of oil next year.
Another crash in the oil market began after the OPEC meeting on December 4. The organization decided not to change quotas on oil production, amounting to 30 million barrels per day, thus decided to maintain the level of actual production that exceeds the quota by 1.5 million barrels, despite the low prices and the overabundance of raw materials on the market. The price of Brent crude during trading on the current week has updated the minimum since July 2004, having gone below $ 36.2 dollar per barrel.