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The Bank of Russia predicted the collapse in oil prices to $ 30 per barrel

Банк России спрогнозировал обвал нефтяных цен до 30 долларов за баррель

There are many objective reasons for the implementation of the baseline forecast of the Bank of Russia, which suggests that the average annual oil price will be 30 dollars per barrel. This was stated by first Deputy Chairman of the Central Bank Ksenia Yudaeva, reports April 15, Rambler News Service.

The representative of the regulator noted that this forecast is conservative but reasonable. “If we behave according to the optimistic scenario, then we could end up in a bad situation: it turns out that we assume too quickly cut rates, then we will have to increase them, there would begin such a jolt” — she explained.

The Bank of Russia has also risk forecast. He foresees the average annual price of oil at $ 25 per barrel. The meeting in Doha, where countries are members of OPEC and other countries-oil exporters will discuss the freezing extraction, also taken into account by the regulator, said Yudaeva.

The baseline scenario of the Central Bank shall provide in 2016 an average annual price of Urals crude oil at 30 dollars a barrel to under $ 40 in 2018. In this scenario, the fall in GDP in 2016 is 1.3-1.5 percent.

April 15, according to data for 12:00 Moscow time oil of mark Brent cost to 43.4 $ per barrel. She slid percent compared with the closing of the previous trading session.

April 17 in the Qatari capital of Doha to meet the largest oil producers. They will discuss the issue of freezing the production to stabilize prices. The meeting reaffirmed Russia, Saudi Arabia, Qatar, Venezuela, Ecuador, Algeria, Nigeria, Oman, Kuwait and the UAE.

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