The price of oil will remain approximately at the current level until the end of the agreement OPEC+ (until the end of March 2018 – if), and then decline slightly to $41-42 per barrel, said economic development Minister Maxim Oreshkin .

“We expect more or less stable oil prices until the end of the first quarter of 2018 and decline to $41-42 per barrel by mid-2018,” the Minister told reporters.

“The deal with OPEC, Russia and other countries helped to offset the growing production in countries such as Nigeria, Libya and the United States, and generally allowed to stay balanced market, and inventory levels – to decrease”, – said M. Oreshkin.