AlwaysFree: OPEC+ Keen To Keep Crude Oil Prices At $65-$75 Per Barrel: Lukoil Head

Vagit Alekperov, the head of Russian energy company Lukoil, said leading OPEC+ members are keen to keep crude oil prices at $65-$75 per barrel, which they deem “comfortable” for consumers. OPEC+ will try to maintain prices at that level by regulating output depending on market conditions. Alekperov added that for now, OPEC+ supply curbs should be phased out by September 2022. He noted that Lukoil has 90,000 bpd of idle capacity which he hopes will be needed by the market.