Brent likely to range $80-$85 per barrel next year: Novak

27/12/2023 Argaam

Russian Deputy Prime Minister Alexander Novak said that Russia maintains its commitment to reducing oil supplies, while ensuring the development of its oil industry, Reuters reported.

 

Speaking about his estimates on oil prices for next year, Novak said that Russia and other producing countries are not targeting any specific price for crude.

 

He pointed out that analysts expect the price of Brent crude to range between $80 and $85 per barrel in 2024.

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