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.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.