As the analyst explained, world oil prices are declining, a "turn" in the price situation occurred in the middle of this year.
“This has nothing to do with the embargo, or with interest rates, or with the ceiling on Russian oil,” the economist said.
According to him, the "downtrend" is associated with the global conjuncture of the manufacturing and financial markets.
“It will continue for the next six months, and we think that those prices on the world market will be about $60-70 per barrel.
It is almost impossible to predict specific prices for Russian manufacturers now,” Zubets believes.
Earlier it became known that Russia in November increased the export of oil and oil products by 270 thousand barrels per day to the maximum since April 2022.