Novak predicts oil prices

The average price for oil in 2018 may reach $ 65-75 per barrel, the Minister of Energy of the Russian Federation, Alexander Novak said.

"I think the average prices can be at the level of $ 65-75, in this range," he said to the journalists on the sidelines of the SPIEF.

Yesterday, the energy ministers of Russia and Saudi Arabia said that the OPEC +  will decide to increase the oil production gradually at the June meeting.