Oil price at the end of the first half of 2022 can reach $ 120 per barrel. Such a cost was predicted by the Vice President of Commerce and Logistics “Rosneft” Otabek Karimov, RIA Novosti reports.
“In the long term we feel comfortable,” said Karimov at the Moscow Exchange International Forum. At the time of this writing News Brent Oil is traded at a price of $ 82.04 per barrel (plus 0.80 percent compared to the price of closing November 15). Oil brand WTI, on the contrary, dropped in price by 0.18 percent, to 79.61 dollars per barrel, according to the Moscow Exchange.
On the eve, on November 15, the head of LUKOIL, Vagit Alekperov, stated that he did not believe in the possibility of reaching oil prices at $ 100 per barrel in the near future. He called on energy companies to prevent sharp increase in the cost of gas and oil and work on to satisfy the market. LUKOIL lays its $ 60 per barrel in his budget for 2022.
The European Commission predicts the average value of the Brent brand this year at the level of $ 71.6 per barrel against the expected spring 63 dollars. The score for 2022 was also increased from 61.6 dollars to $ 78.9 per barrel.