Equilibrium Oil Price of $80 Per Barrel Discussed at SPIEF-2026
Oil price of $75-85 satisfies both consumers and producers — Novak
Тасс
Image: Тасс
At the St. Petersburg International Economic Forum (SPIEF-2026), Russian Deputy Prime Minister Alexander Novak stated that an optimal oil price range of $75 to $85 per barrel balances the interests of both consumers and producers, facilitating investment opportunities.
- 01Russian Deputy Prime Minister Alexander Novak identified an equilibrium oil price of approximately $80 per barrel, with a $5 fluctuation margin.
- 02The St. Petersburg International Economic Forum (SPIEF-2026) is being held from June 3-6, 2026.
- 03Saudi Arabia is the guest country at this year's forum, which focuses on a new model for global economic development.
- 04SPIEF-2026 features various forums including the SME Forum and the Creative Industries Forum.
- 05VEB.RF is the title partner for SPIEF, organized by the Roscongress Foundation.
Advertisement
In-Article Ad
During the St. Petersburg International Economic Forum (SPIEF-2026), Russian Deputy Prime Minister Alexander Novak addressed the current state of oil prices, suggesting that a balanced price around $80 per barrel, with a $5 deviation either way, meets the needs of both consumers and producers. Novak emphasized that within this range, consumers are likely to be satisfied while producers can effectively pursue their investment strategies. The SPIEF-2026, taking place from June 3-6, 2026, is themed 'Pragmatic Dialogue: The Path to a Stable Future', with Saudi Arabia as the guest country. The forum aims to discuss innovative models for global economic development amid ongoing changes in the world economy. Various events are scheduled, including the SME Forum and the Creative Industries Forum, alongside cultural activities like the Petersburg Seasons festival. The title partner for this year's forum is Russia’s national economic development institution, VEB.RF, with the Roscongress Foundation serving as the organizer.
Advertisement
In-Article Ad
The discussions at SPIEF-2026 regarding oil prices could influence global market stability and investment strategies.
Advertisement
In-Article Ad
Reader Poll
What do you think about the proposed oil price range of $75-85?
Connecting to poll...
More about VEB.RF
Read the original article
Visit the source for the complete story.



