2024 world oil prices expected around US$80-$85 a barrel, says Russia’s Dy PM

MOSCOW, Dec 27: World oil prices in 2024 are expected to be within a range from US$80 to US$85 per barrel, Russian Deputy Prime Minister Alexander Novak said on Wednesday.

“We use the estimates of various analytical agencies and our analytical services, which work under the Russian Ministry of Energy. We think that the range of fluctuations next year for Brent prices could be around US$80-85 per barrel. Approximately such figures were taken into account when forming the forecast of socio-economic development for the next year,” Novak told the Rossiya 24 broadcaster.