Alexey Gromov, Principal Director on Energy studies of the Institute for Energy and Finance, commented to the public business magazine Energy Policy on the future dynamics of world oil prices.
According to Gromov, the price of Brent crude oil will drop to about $85 per barrel in 1-1.5 months."From the point of view of fundamental factors, it should be noted that oil demand is not accelerating, but remains within the previously predicted range, primarily due to the more modest growth rates of the Chinese economy," Alexey Gromov notes.
"I assume that the situation will be stopped, which will calm the panic mood of traders, and we will not see the $100 per barrel mark this year. The upward trend in prices will continue only in case of new shocks in the Middle East," the expert says.
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