Crude oil prices will trade in a range between $45 a barrel and $80 a barrel in the period until 2035, under a set of scenarios developed by the Russian energy ministry in a draft general plan for the gas industry. "Scenario conditions [imply] the range of oil prices from the lower to the upper limit - from $45 to $80 per barrel. This is a very significant range that allows us to see the boundary conditions in order to determine the measures, our actions in a particular scenario," said the director of the Oil Refining and Gas Processing Department at the Ministry of Energy, Anton Rubtsov, as quoted by TASS.
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