EBRD does not expect a significant price increase in 2017, so the price will remain roughly at its current level of $ 50 per barrel, according to the EBRD’s Chief Economist Sergei Guriev.
“But they can rise. However we do not expect they will be higher than $ 60-65 in any scenario,” he said in an interview with RIA Novosti.
“If oil prices are higher, the US shale producers will produce much more. We do not expect a serious increase in oil prices,” he explained.
Commenting on the expectations from the upcoming meeting of OPEC in November, Guriev said that in recent years there has been no precedent when OPEC could seriously increase the price of oil.
