The oil price at around $80 per barrel objectively reflects the situation on the market. This was stated by Russian Deputy Prime Minister Novak.

Meanwhile, he noted that there are many factors that can influence both the increase in oil prices to $100 per barrel and the decrease in prices. Everything will depend on the situation with the coronavirus pandemic, it is also necessary to take into account the seasonal factor – during the fourth quarter and the first quarter, the demand for petroleum products decreases, Novak explained.