According to the economist, at the end of March, “a barrel of Brent oil rose in price from $84 to $87.”
“Moderate growth in demand from the world's largest economies continues. The effective work of OPEC+, which restrains the rate of black gold production and macroeconomic indicators, the United States will continue to maintain prices at a level that is very comfortable for Russia. In early April, Brent oil will likely trade in the range of $86-89,” he said.
Loboda also emphasized that, in his opinion, “growing demand from China and India offsets the downward influence from the United States and Brazil.”
Earlier, Russian Deputy Prime Minister Alexander Novak said that in 2023 oil would become the main transit cargo through the Northern Sea Route.