Support The Moscow Times!

Oil Prices to Stay Flat or Fall Further, say Russia's LUKoil

LUKoil, Russia's second-largest oil producer, expects global oil prices to remain flat or decline, its Chief Executive Vagit Alekperov said Friday.

"If previously we were forecasting $100 [per barrel], now it's $90-95," Alekperov told Rossiya 24 television. He did not give a time frame.

Brent crude was flat at $97.69 a barrel on Friday.

… 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