Report: Russian official sees oil price at $50–60 in 2–3 years

MOSCOW, Jan 18 (PRIME) -- Global oil prices will come back to the level of U.S. $50–60 per barrel in two to three years, Russia’s Deputy Prime Minister Arkady Dvorkovich told Bloomberg TV in an interview aired Monday.

Russia will not raise oil output in 2016 despite the difficult economic situation and pressure of Western sanctions and the government will focus on budget spending reduction, Dvorkovich also said.

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