Oil prices to be at around $100 by 2035, Novak says

Global oil prices will remain at around $100 per barrel by 2035, Russian Deputy Prime Minister Alexander Novak said, Report informs via Interfax.

Answering the question of the forecast that can be given for the oil price by 2035, Novak replied: "It is impossible to predict this for several months in advance, but you propose to predict it for 10 years in advance."

"Now we live in 2023, and they are almost close to it. They have been at 95, between 85 and 90. That is, I think that if you roll over like this, from the point of view of mathematics, then it should be plus or minus $100 dollars," the deputy prime minister said.