3rd January 2022
EP Report

The oil price in 2022 may remain at $75 per barrel with the possibility of fluctuation around 10% in both directions, Russian Deputy Prime Minister Alexander Novak said an interview with a TV channel recently.

 

"The current levels that we see today are quite stable. This is $75 per barrel, plus or minus 10%. It seems to me that next year, these parameters will stay in place," he said.

 

Novak added that the growth of the world economy and the demand for oil contributes to the prices. "As many agencies and analysts predict the economy will continue to grow. But I don't see any risks here that would lead to a deviation from the current level," Novak said.


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