Russia expects a sustained rise in oil prices

2016-06-16 at 08:39 (Baghdad time)

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The head of the largest Russian oil company expects increase in oil prices soon.

He said Igor sitchin, President of company "rosneft", through press releases, to rebalance the world oil market faster than expected, and it's not hard to imagine that the oil market faces three to five years after a shortage in supply.

And don't rule out "rosnft" company President "needs oil market in three to five years to agree on a rapid increase in oil production to fill the gap caused by decrease in investments in the oil industry."

Company President expected "rosnft" also starts as soon as the rise in oil prices, because "global demand for oil continues to rise, while oil production continues to decline" at the moment