After the OPEC+ summit, Russian Deputy Prime Minister Alexander Novak told local TV Rossiya-24 that current oil prices of around $80 per barrel adequately reflect the market scenario.
According to Novak, who represents Russia at OPEC+ talks and meetings, a lot of bullish and negative factors will determine where prices will go in the short future. The proliferation of the Delta variation and restrictions in some nations are depressing factors for oil prices, although the economic recovery in many economies is a bullish aspect.
“In my opinion, today’s price at around $80 per barrel objectively reflects the current situation. Let’s see what will happen in December-January, proceeding from the facts that I mentioned,” he said.
