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Russia's Rosneft prepares for oil at $40-$43 in 2018: CEO

Reuters  |  MOSCOW 

MOSCOW (Reuters) - Russia's top oil producer Rosneft expects average global oil prices between $40 and $43 a barrel in 2018 and is preparing for such a level, Chief Executive Igor Sechin said in an interview with Rossiya 24 TV broadcast on Monday.Brent crude oil, a global benchmark for Russia's main export, was flat at $53.70 on Monday after rising by about 30 cents as the Saudi oil minister discussed with his Venezuelan and Kazakh counterparts the possibility of extending the global pact on oil production cuts. "I think that we are going to have an average oil price of as much as $40 to $43 ...

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First Published: Mon, September 11 2017. 13:59 IST