RDIF does not exclude the temporary reduction in oil prices below today’s levels

RDIF does not exclude the temporary reduction in oil prices below today’s levels


DAVOS, January 21. RDIF does not exclude the temporary reduction in oil prices to below current levels in the short term. This was reported to journalists by the head of RDIF Kirill Dmitriev.

“In the short term we see the possibility of reduction of oil even lower than it is now. A number of players interested to continue to lower the price of oil, there is the factor of Iran, so in the short term it may fall. But after a year and a half, in connection with neconventionale in the industry, we believe that demand will begin to exceed supply,” he explained.

Dmitriev said that oil prices after stabilization in the commodities market will be at the level of 40-50 dollars per barrel.

“It is difficult to predict, but we hope that when they stabilize, prices will be in the corridor of 40-50 dollars per barrel,” he said.

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Oil prices over 40 years

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