The average oil price in 2017 will be $ 45 per barrel. This was stated by the partner of consulting company RusEnergy Michael Krutikhin.
“In my opinion, if we look at supply and demand, while the picture for next year, approaching the old mark of 45 dollars per barrel,” — said the expert.
However, he noted that the average price of oil could rise to $ 50, unless there is a decline in demand in China. “If China surprises in economic development and we will see that China, completing the second phase of its strategic oil reserve, started construction of the third stage, it will put pressure on the oil from above”, — says Mikhail Krutikhin.
Overall, in his opinion, the market throughout the year to keep the overhang of supply over demand in 1-1. 5 million barrels.
According to 18:45 GMT, 20 October Brent crude on London’s ICE futures exchange was trading around the level at 51.48 per barrel. She fell more than two percent.
On 19 October the international monetary Fund issued a forecast that the average price of oil grades Brent, Dubai and WTI Crude up to 2021 will not exceed $ 60 per barrel.
10 October, the Minister of energy of Saudi Arabia Khalid al-falih predicted that the price of oil by the end of 2016 it will reach $ 60 per barrel.
According to the forecast of Ministry of economic development, the average annual price of oil in the current year will amount to $ 41 per barrel in the years 2017-2019 — $ 40.
