Lukoil hopes OPEC deal will allow oil price to rise towards $70

Speaking in St Petersburg at the start of an economic forum, the chief executive said an oil price of between $60-70 was "comfortable" and that the OPEC+ global oil deal needed to be approached very carefullyReuters  |  June 06, 2019, 15:34 IST
Lukoil hopes OPEC deal will allow oil price to rise towards $70 ST PETERSBURG: Russian oil company Lukoil hopes the outcome of a meeting in the coming weeks between OPEC and its allies to discuss its global oil deal would allow the price of oil to rise towards $70 a barrel, CEO Vagit Alekperov said on Thursday.

Speaking in St Petersburg at the start of an economic forum, the chief executive said an oil price of between $60-70 was "comfortable" and that the OPEC+ global oil deal needed to be approached very carefully.