Vagit Alekperov: Oil prices above $100 may bring down the market

12:03 - 7.09.2021


September 7, Fineko/abc.az. An increase in oil prices above $100 a barrel can lead to a "collapse" of the market.

The relevant statement was made by Russian company Lukoil’s head Vagit Alekperov in an interview for Kommersant.

Alekperov noted that the price of oil above $100 per barrel does not promise anything good.

"Today, the parameters of the OPEC+ agreement until the end of 2022 have been determined and, I hope, will not change. I would not like to see oil prices above $100 per barrel again, as this can stimulate investments in inefficient projects and then again lead to what we have already passed - the collapse of the market," he said in an interview for newspaper Kommersant.

 

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