Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range

The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov, president and CEO at Russia’s second-largest producer, Lukoil, told Russian newspaper Kommersant. Brent Crude prices have not fallen below $65 a barrel since April. The price of Brent briefly exceeded the $75 per barrel mark in early July, before pulling back in August amid concerns about the pace of global oil demand growth with surging COVID cases in many major economies. Early on Tuesday,…