Kyle Shostak, director of the American investment company NavigatorPrincipal Investors, believes that the conflict in the Middle East will increase Russia’s oil income TASS.
“If Saudi Arabia’s leaders are at some point forced into conflict with Western interests in the region, especially after signaling that the process of rapprochement with Israel is effectively over, the country could limit oil supplies to both Europe and the United States.” Shostak said.
He explained that Russia is not bound by such political considerations, it has the opportunity to increase revenues from the sale of oil products, but also to ignore the ceiling on energy prices and set its own prices.
Previously expert guess Russian oil prices for 2024 and 2025. According to their forecasts, the average annual price of Russian Ural oil will be 70 dollars per barrel in 2024 and 75 dollars in 2025.
Previously recognizedHow long will oil remain the world’s main energy source?