Kudrin: oil prices will remain at current levels until mid-2018

© RIA Novosti / Vitaly to Belowaverage in fotobelka Kudrin. Archival photoKudrin: oil prices will remain at current levels until mid-2018© RIA Novosti / Vitaly to Belowaverage the image Bank

Chairman of the Board of the Center for strategic research (CSR), ex-Finance Minister Alexei Kudrin believes that oil prices will remain at current levels until mid-2018.

«In General, positive. They have never turned out a good result in terms of discipline of the OPEC countries on the performance of its obligations. Some countries have complied, but some exceeded. Therefore, the total performance of obligations on reduction they performed about 100%», — said Kudrin the decision of OPEC countries to extend the agreement on the reduction of oil production.

«I think it means that some time they can use their potential and thus some time to temporarily affect prices. Therefore, it (price of oil — ed.) will remain at those levels, which is now until about the middle of next year», — he said on the sidelines of the annual meeting of shareholders of the savings Bank.

However, he noted that at present further than to the middle of next year, planning is very difficult.

The price for North sea petroleum mix of mark Brent for November 2016 ranges from an average in the range of 50-57 per barrel.

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