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Tuesday, April 25, 2017

The Ministry of Finance predicted $ 30 per barrel in the coming years

The Deputy head of the Ministry of Finance Maxim Oreshkin called to prepare for oil prices of 30 dollars per barrel. He stated this at a conference organised by the international rating Agency Fitch, reports TASS.

photo: Gennady Cherkasov

Oreshkin said that this price is laid down in stress forecast of the Ministry of Finance, although at the moment the budget is based on prices of $ 40 per barrel. According to officials, it will help you better prepare for the negative trend, as the price of 30 dollars can be set for the next few years.

An opinion by the Deputy Minister of backed up data, OPEC and the International energy Agency, which reported on the preservation of the glut of oil in the next few years. Thus. did not agree with them is that the world economy will begin to grow rapidly: in his opinion, to return to the growth rates of 10-20-30 years ago will not happen.

The Deputy Minister explained that the reason for pessimism is the end of the restorative growth of the us economy and the possible collapse of a bubble in the Chinese real estate market.

Read about the prospects of the ruble after the election.

However, said Oreshkin, Russia is already better than other oil-producing countries are ready to reduce prices, as in recent years, macroeconomic policy was aimed at adapting, to bring it into line with the realities in which there is peace.”


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