Russia’s Economic Development Minister: Oil price will fall to $50

Baku. 22 November. REPORT.AZ/ Oil price in the long-term future will fall to $50 a barrel by 2025-2030, Russian Economic Development Minister Maksim Oreshkin told journalists after the governmental meeting on discussion of a long-term macro-forecast by 2036, Report informs.

"By our estimates, the oil price will be $50 a barrel in the period up to 2025-2030 and remain at this level," the minister noted.