The price of oil in 2016 will be in the range of 45-55 dollars per barrel, and by the end of the year could exceed this threshold. About it as transfers TASS, said the head of “LUKOIL” Vagit Alekperov in an interview to television channel “Russia 24”.
The reason for this may be the reduction of oil production due to the lack of investment in the industry with a volume of $ 400 billion, according to Alekperov.
“Of course, this affects the volume of production, the volume of exploration for oil, especially in complex regions and technologically challenging fields,” he said.
Earlier, the head of “LUKOIL” has expressed the opinion that the lack of investment will lead to a shortage in the oil market in mid-2017, and in 2018 can occur crisis trends.
May 18 at 11:45 CET Brent crude oil traded at a mark of 49.01 USD. The price of Brent crude oil for the first time from November 2015 exceeded $ 49 Monday, may 16.
May 16 Bank Goldman Sachs published forecasts that oil price will increase to $ 50 due to the fall in production.
