Support The Moscow Times!

Rosneft's Sechin Expects Average Oil Price of $70-75 Per Barrel in 2015

SOCHI — Russia's Rosneft expects global oil prices to average $70-75 per barrel over 2015, Chief Executive Igor Sechin told reporters on Friday.

Brent crude oil steadied below $73 a barrel on Friday after hitting a fresh four-year low following OPEC's decision not to cut output.

Russian President Vladimir Putin said earlier Friday that he was confident the oil market would find its balance by the middle of next year.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more