Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented "Finam.ru " about the likely consequences of a possible Ukrainian settlement and the lifting of anti-Russian sanctions by the United States and the EU on the Russian oil industry and global oil prices.
“I don't think prices will be able to stay around $75 for a long time. All other things being equal, with the geopolitical inputs unchanged, prices will continue to slowly slide down during the year, probing the stability of the lower limit of the current price range, that is, $ 70 per barrel. And OPEC+ is unlikely to be able to prevent this. On the contrary, if OPEC+ does not postpone its production increase again and starts it in April-May, this will spur a decline in prices. The market is already clearly expecting to extend the current restrictions for the entire 2nd quarter,” the source said.
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