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Russia prepares for oil price at $40

Россия готовится к цене на нефть в $40The decline in oil prices next year will force the Russian government initiate a wave of economic reprisals against the population.

The head of the Russian oil company “Rosneft” Igor Sechin expects average oil price in 2018 at $40-43 per barrel.

“During the preliminary analysis, I think next year we will have average prices for the year in the range of 40-43 dollars (per barrel – ed.)”, – said Sechin.

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The key factors influencing oil prices, in his view, are financial instruments in the United States.

“One of the most significant factors, along with the production of shale oil is a big impact of financial instruments in the United States on prices. Devalvirovat the dollar has now reached about 20%. If you bring the appropriate coefficients, you will see that in the US, just the true price is about $40 (per barrel – ed.)”, – he said.

According to rossiiskogo politician Irina Khakamada, the decline in world oil prices next year will force the Russian government to expand the wave of economic repression against the population to cover the budget deficit.

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