8 Dec 2018 14:41

Oil price forecast of $63 for barrel in 2019 appropriate in conditions of new OPEC+ deal - Oreshkin

MOSCOW. Dec 8 (Interfax) - The official oil price forecast of the Russian government of $63 for one barrel in 2019 is appropriate in the current conditions of the finalized OPEC+ deal and does not need to be revised, Economic Development Minister Maxim Oreshkin told journalists on the sidelines of the United Russia's party congress.

"Our forecast for the next year is $63 for one barrel [$63.4 for one barrel of Urals crude]. I believe it is absolutely appropriate to the situation, which has now emerged on the global market and takes into consideration the decision, which was made in Vienna [OPEC+ agreement to cut oil production by 1.2 million barrels per day in 2019] this week, among other things," he said.