Shell predicted oil prices this year

В Shell спрогнозировали цены на нефть в этом году

The group believe that the oil price will not exceed $ 50.

The head of British-Dutch oil group Shell Ben van beurden expects oil prices this year at 50 dollars per barrel or even lower. “Oil prices are almost impossible to predict. This year we have a very conservative – this is about the price around 50 dollars per barrel or even below $ 50. Our business (at this level of oil prices – ed.) will be normal, profitable,” – he said in an interview with RBC.

While van beurden admitted that prices may rise.

“I think oil prices may go up, if you look at fundamental factors. Yes, they can go up, but when it happens and for how long this happens is a very complex question which it is impossible to give a precise answer. It will depend on OPEC, and much of this will depend on views on the market,” said Bearden.

According to him, in 2018 the prices will be higher than it is now, but how much is impossible to predict.

Note, oil prices have increased the drop on Friday, June 2, ending the week with a sharp drop because of fears of increasing oil supplies to the world market to American producers.

Thus, the cost of the August futures for Brent crude on the London ICE Futures exchange to 13.15 in Kiev fell by 2.96 – to 49,13 per barrel. Futures price for WTI crude oil for July in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 3.08% to 46,87 dollars per barrel.