Kokorin: Saudi Arabia will not reduce oil production to increase prices


Saudi Arabia agreed to sell oil on the cheap, because he wants to do everything to sell out before you run out of “oil age”, which remained 30-50 years, said the representative of WWF Russia Alexey Kokorin.

MOSCOW, 25 Jan. Saudi Arabia will not reduce oil production to increase oil prices, as the country is interested in the sale of its fossil fuel reserves for maximum profit in coming decades, said the head of the program “Climate and energy” world wildlife Fund (WWF) of Russia Alexey Kokorin.

The survey

What will happen to oil prices in 2016?

  • Will collapse to $ 20 per barrel
  • Will remain at around 30-35 dollars
  • Edge up to 45-50 dollars
  • Soar to 90-100 dollars

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