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Oil price may reach $100 after ten years - Gazprom Neft President
10 June 2016
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If OPEC does not increase output, the oil price will reach $90-100 after 7-10 years, the president JSC Gazprom Neft Alexander Dukov said.
If OPEC continues its aggressive policy, the oil price will fluctuate around $50-60 during next ten years: “Gazprom Neft passes its investment decisions basing on oil price at $50 a barrel. We believe that oil price will make $50-60 in the mid-term perspective (during 3-4 years), $90-100 in the long-term perspective”.
