“So far, the situation is looking exclusively upwards.

Anything above $100 is for sure,” Pikin said.

He stressed that it is now difficult to talk about exact dates and exact figures.

“Apparently, they should fix above the $120 level,” the analyst believes.

Earlier, the head of the Russian Ministry of Finance, Anton Siluanov, allowed a 17% reduction in oil production in 2022 due to the refusal of Europeans to purchase fuel.