The Russian Ministry significantly reduced the prices of oil prices
Barel oil should cost an average of $ 68 this year, the Ministry’s calculations show in the basic scenario of economic forecasts for 2025.
Last September, the Ministry was calculated that it should cost an average of $ 81.7, Interfax reported.
The Urals Barel brand, the main Russian export mix, should stand on average $ 56 per barrel, or 5,281 lingerie, when considering the course. This would mean that the Ministry reduced the price estimate expressed in laundry by 21.2 percent.
Russian budget for 2025. It is based on the average price of a Urals barrel of $ 69.7 per barrel. The border price that determines how much money will be paid into the NWF state stabilization fund is $ 60 per barrel.
« In the basic scenario, we predict that at some point the export price will fall below the border price, but then it will rise again. In such a scenario we will not empty the NWF Fund for a greater extent, » the Interfax news agency states a statement by the Ministry’s representatives.
The price of the Urals brand is key to the Russian budget, since oil and gas revenue accounts for a third of total budget revenues.
« Viewed from the perspective of the budget, the conditions are difficult but normal, » the Ministry’s representative added.
Fund’s liquid assets have fallen since the beginning of the war in Ukraine for almost two -thirds, with $ 112.7 billion to $ 39 billion.
The Russian Central Bank warned at the beginning of the month that because of less global demand, oil prices could be lower than expected.
The Urols oil prices fell, meanwhile, at the lowest level of 2023 and in early April, barrel was traded at a price of $ 53. Last week, it stabilized below $ 60.
In the first quarter, Russian oil and gas revenue dropped by 10 percent compared to the same period last year. Since the beginning of April, the average price of Urals has been shown in rubles lower by 31 percent than planned.
The ministry also said they did not expect a big risk of recession because of the customs of US President Donald Trump. The world economy should increase two percent this year.
« The United States is not the world and some trade flows will be diverted, » the Interfax Ministry’s representatives quote.
The Ministry has confirmed an estimate that Russian GDP should increase 2.5 percent this year. They raised an assessment of inflation, from 4.5 to 7.6 percent.
