Generally, the global oil market may recover from the consequences of the coronavirus pandemic by next spring, however, fluctuations in commodity prices will be serious. According to the president and co-owner of Lukoil, Vagit Alekperov, they can vary from zero to infinity.

According to his forecasts, the recovery will occur just after the expiration of the OPEC+ deal to curb production. “We all hope that the market will recover by this time. Plus, the delayed demand will probably have an influence,” Alekperov promised.

The expert clarified that the deal will probably persist. “But fluctuations in the market are possible from zero to infinity,” he said and stressed that prices are currently stable.