Russian Deputy Prime Minister Novak: Russia will maintain its 2026 oil price forecast for budget calculations at $59 per barrel, and lower it to $50 per barrel for 2027-2029.

2026-05-12

Russian Deputy Prime Minister Novak: Russia will maintain its 2026 oil price forecast for budget calculations at $59 per barrel, and lower it to $50 per barrel for 2027-2029.