“We forecast trading in Brent oil in the range of $90-105 per barrel until the end of this year.
After the decision of OPEC + to reduce oil production, representatives of the alliance announced that they consider the level of $ 90 per barrel to be the minimum and will protect it, ”the economist explained.
In his opinion, the price will also not rise above $105, because OPEC and the IEA recently lowered their forecasts regarding the demand for black gold in both 2022 and 2023.
“High oil prices also do not suit the United States, especially on the eve of the Senate elections, so they are ready to release oil from their reserves in order to reduce its cost on the market,” the RT interlocutor concluded.
Earlier, Iranian Deputy Oil Minister Ahmad Asadzade said that the ceiling on Russian oil prices could affect the US elections.
Russian Deputy Prime Minister Alexander Novak said that in Russia the price of gas is being regulated by the state - and it is about $70 per 1,000 cubic meters.
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Russian President Vladimir Putin has said that Russia will not act to its own detriment if Western countries impose a price ceiling on Russian energy resources.