MOSCOW, February 14 – RIA Novosti. The oil price in 2021 will average in the range of $ 45-60 per barrel, said Deputy Prime Minister Alexander Novak.
“I think that the average price in 2021 will be in the range of about $ 45 to $ 60 (per barrel – ed.),” Novak answered a question about the oil price in the program “Characters from Naila Asker-zade” on the channel “Russia 1”.
He added that the low volatility in the oil market in recent months means that the market is balanced and today's prices are in line with the market situation.