Sechin: "The average oil price will be $ 40-43 in 2018"

Baku. 11 September. REPORT.AZ/ The average price of oil in the global market will be $ 40-43 per barrel next year.

Report informs citing the RIA Novosti, Rosneft Chief Executive Officer Igor Sechin said in an interview with Russia-24 TV channel.

"In addition to the shale oil production factor, financial instruments in the United States have a huge impact on the oil market. The dollar is now devalued by about 20%. If you calculate using the appropriate ratios, you can see that the real price for oil in the U.S. should be $ 40 / barrel”, - I. Sechin said.

Notably, Russian Energy Minister Alexander Novak predicts that the average oil price in 2018 would be $ 45-55 per barrel.