Commodities
Russia Sees Export Price for Its Oil Increasing Through 2026
- Barrels forecast to trade at an average of $66.30 next year
- Projections for growth come despite sanctions by G-7, allies
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Russia’s government expects steady growth in the export price of its crude oil during the next three years despite energy sanctions imposed by Western nations and their allies, according to documents seen by Bloomberg.
The government sees the average price this year being $62.70 per barrel, according to the macroeconomic forecast through 2026 presented to Prime Minister Mikhail Mishustin on Friday.