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Gazprom expects 2017 average oil price to hit $48

Oil&Gas Materials 22 June 2017 15:44 (UTC +04:00)
Russian Gazprom expects that average oil price will be $48 in 2017
Gazprom expects 2017 average oil price to hit $48

Baku, Azerbaijan, June 22
By Elena Kosolapova– Trend:

Russian Gazprom expects that average oil price will be $48 in 2017, RIA Novosti reported.

This price is envisaged by the company’s budget plan for 2017, according to the company’s presentation.

In 2016 Gazprom’s budget plan envisaged oil price at $42 per barrel.

This is while on June 22 the price of Brent oil August futures has increased by 0.62 percent to $45.1 per barrel as of 7:13 AM EDT (UTC – 4).
The price of West Texas Intermediate (WTI) August futures has grown by 0.4 percent and stood at $42.7 per barrel as of 7:13 AM EDT.

Follow the author on Twitter: @E_Kosolapova

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