Report: Russia’s Rosneft CEO sees oil at $65/bbl by end of 2017

MOSCOW, Jun 22 (PRIME) -- Volatility on the oil market will continue, the price can amount to U.S. $50–55 per barrel by the end of this year and $65 per barrel by the end of 2017, oil major Rosneft CEO Igor Sechin told Rossiya 24 television channel late Tuesday.

“The current volatility will continue. We believe that by the end of the year we will reach the stable level of $50 (per barrel), maybe $55, but until the end of 2017 we do not see any fundamental factors that could lead to a price growth. By the end of 2017 we will presumably reach the level of $65 per barrel,” he said.

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