Source Pravda.Ru

Average Price Of Oil To Be No Less Than USD 18 Per Barrel Next Year, Analysts Say

According to analysts' forecasts, in 2002 the average price of oil will be no less than USD 18 per barrel. In their opinion, the drop in oil prices is a temporary phenomenon and soon oil prices will start growing again. Currently, the price of the Urals crude is equal to USD 18.17 per barrel, Vladimir Tikhomirov, analyst of the NIKoil company, said. USD 18 was the lower limit set while planning the 2002 budget, he noted. In Tikhomirov's opinion, even if the price of oil falls to USD 15-16 per barrel, Russia will be able to honour its debt obligations in 2002 and keep a balanced budget. In 2003, should the oil price's downward trend persist, Russia can face difficulties with forming financial reserves planned to be used for peak foreign-debt payments. A long-term reduction in prices may affect exporters' income, monetary flows into budget revenues and gold and currency reserves, Tikhomirov believes.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
USA no longer wants Bashar Assad to go
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin
Turkish President Erdogan issues ultimatum to Washington and Brussels
The need for a Global Political Agenda 2018
Pentagon can not accept Russia's victory over terrorists in Syria
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russia will continue spending enough on defence not to be killed
Italy: Free fall
Tel Aviv, Jerusalem, capitals and puppets
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia unveils the date for the launch of the superbridge to Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop