Russian Accounts Chamber’s head expects oil price to rise
After a three-year period the oil price may go down.
Moscow - TASS
Head of Russia’s Accounts Chamber Alexei Kudrin expects the oil price will rise in coming 2-3 years.
"So far we project a certain rise in the oil price. I think it may happen for 2-3 years," he said in an interview aired by the Rossiya-24 TV news channel on Thursday when asked whether the trend of growing oil prices will persist.
According to Kudrin, the oil demand is going to rise by over 3 mln barrels per year within the next three years.
Meanwhile, after a three-year period the oil price may go down, he added.
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