Russia predicts that when oil prices reach $100/barrel, it will double the discount it gives to this country.

In an interview with Solovyov Live TV on October 16, Russian Deputy Prime Minister Alexander Novak predicted that by 2035, oil prices will be at $100/barrel.

Doanh thu xuất khẩu dầu tiếp tục tăng, đây là cách Nga kiếm bộn tiền từ ‘tác dụng phụ’ của lệnh trừng phạt. (Nguồn: nhk-maritime.com)

The discount Russia offers India on oil prices has nearly doubled after the country's state-owned refiners reduced purchases. (Source: nhk-maritime.com)

Specifically, according to Mr. Novak, the oil price was recently at 95 USD/barrel but is currently fluctuating between 85-90 USD/barrel. The Russian Deputy Prime Minister noted that by 2035, the oil price will increase to 100 USD/barrel.

Earlier, it was reported that the discount Russia gave India on oil prices had nearly doubled after the country's state-owned refiners reduced purchases to put pressure on suppliers.

The discount has increased to $8-10 a barrel since the start of the year, sources said. This has boosted imports, with Russia’s share of India’s total crude imports reaching 38% in September, up from 33% in August.

Indian state refiners, which account for two-thirds of purchases, increased imports from Russia by 25% in September after a 30% drop in August. At the same time, they buy Russian oil mainly from non-Russian traders to get bigger discounts and avoid payment problems.

Source