In Russia, predicted the decline in oil prices

В России спрогнозировали снижение цен на нефть

The current price of “black gold” while the above forecasts. A lot will depend on how you will operate sanctions against Iran.

The world price of oil in late 2018 – early 2019 may be reduced to $55-60 per barrel, much will depend on the development of the situation with the possible introduction of sanctions against Iran.

This forecast was voiced by the first Deputy Chairman of Vnesheconombank Andrei Klepach on the sidelines of the TechnoProm forum, reports TASS on Tuesday, August 28.

“Yes, we are expecting a reduction (in oil prices – ed.). While it is higher than most forecasts and expectations. We think that $50 – $60 it should be reduced, the question is how sanctions against Iran will work and how they will hit its oil industry, how to behave in Saudi Arabia, which is likely to compensate for possible supply constraints. I think somewhere up to $55-60 (per barrel) the price will go,” – said Klepach.

Earlier, Russian energy Minister Alexander Novak said that the current oil prices around $74-76 per barrel already take into account the risk of US sanctions against Iran.

Recall that the U.S. impose an embargo on Iranian oil. The us government will require all foreign consumers of crude oil to stop the import of these products from Iran since 4 November this year to ensure the economic pressure on Tehran.

According to the International energy Agency, the exports of Iran after the sanctions may fall by 40-50%, or 1.2 million barrels per day.

As is known, may 8 us President Donald trump announced the US withdrawal from the agreement on Iran’s nuclear program and announced the restoration of sanctions against Tehran.

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