VEB: World oil prices unlikely to ever exceed $60

'It's unlikely that oil will ever exceed $60 per barrel.'

'It's unlikely that oil will ever exceed $60 per barrel.'

Reuters
And Russia should take into account the factor of low oil prices

The world oil prices are unlikely to ever exceed $60 per barrel in the future, according to VEB Chairman Sergey Gorkov, TASS reports.

"It's unlikely that oil will ever exceed $60 per barrel. Never, except for some cataclysms, which can be very short-lived," Gorkov said.

According to him, Russia should take into account the factor of low oil prices as a serious challenge for the economy and the budget.

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