Russian oil prices predicted growth
"On the demand side, hydrocarbons will remain the basis of global energy for at least several decades, and the need for oil may continue to grow," the analyst believes. — And from the point of view of supply, insufficient investments in future production over the past few years may not allow the launch of a sufficient volume of "black gold" on the market."
Isakov also drew attention to other tactical factors that play in favor of a possible increase in quotations.
"This is the termination of the sale of oil from the strategic reserves of the United States, and the easing of covid restrictions in China," the interlocutor of <url> listed.
Earlier, the deputy chairman of the Central Bank, Alexey Zabotkin, called the fall in oil prices the reason for the depreciation of the ruble. He also stressed that the exchange rate of the national currency is still fluctuating in the range that has been observed since the end of May, and reacts to the same reasons, namely the fall in the incomes of exporters.
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