World oil prices will not exceed the limit of $60 per barrel in 2016, the Azerbaijani Energy Minister Natig Aliyev said.
"Although no decision was adopted at the meeting in Doha on the freezing of certain levels of oil production, oil prices began to rise and exceeded $49 per barrel. I think that the price will rise a bit by the end of this year. However, the oil price will not exceed $60 per barrel in 2016," he said in an interview with ANS.
According to him, a sharp rise in oil prices is not expected this year. In 2017, oil prices may rise by $5-10.
