HomeMediaLatest NewsUnjustified expectations: rising gasoline prices and changing appearance of the fuel market

Unjustified expectations: rising gasoline prices and changing appearance of the fuel market

02 February 2021

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

President of the Institute for Energy and Finance Foundation, Marsel Salikhov commented on the situation with prices for oil and oil products to the Delovoy Petersburg publication.

Gasoline prices jumped again, failing to live up the government promises to keep them at inflation level. Oil traders have diminished their optimism, and there is a change of guise on the fuel market of St. Petersburg.

Analysts are not expecting a sharp rise in prices. "In the coming months, prices will be higher than $ 50 per barrel, but they will not be able to rise above $ 60 for a long time. An important factor that will affect the market is the negotiations between Iran and the United States. Iran, awaiting the lifting of sanctions, has already increased production and export shipments,” - Marcel Salikhov supposed.

 

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