The head of the analytical credit rating agency Mikhail Sukhov predicted oil prices in 2021 in conversation with RIA Novosti.
According to him, the average price of oil will be 55-60 dollars per barrel. “OPEC +” decisive for the prices remains, “the economist said. He added that the restoration of global demand as a result of improving the epidemic situation in the world in the coming months will be ahead of the growth rate.
In this risk factor for the oil market, negotiations of the United States and Iran remain. Sukhov noted that in case of removal or mitigation of sanctions, Iran may increase the export of crude oil to two million barrels per day in the second half of this year, which will require longer conservation of restrictions on the extraction of OPEC +.
On April 9, it became known that the main forecast for oil production in Russia in the period up to 2035 is its inevitable decline, so that the level of 2019 in 561 million tons will never be able to return. This was stated in the draft general scheme of the oil industry, prepared by the Ministry of Energy, who got acquainted with Kommersant.