Lukoil president: "I would not like oil price to exceed $100"

"The oil price of $65-75 a barrel in the world market is good for both producers and consumers," said the President of "Lukoil" company Vahid Alakbarov, Report informs, citing Russian media.

According to him, high oil prices pose a risk of collapse for the market: "I would not like the oil prices to exceed $100 because it can stimulate investment in low-income projects, which may lead to the collapse of the market."

He also noted that the corridor of $65-75 a barrel is good for consumers and OPEC+ countries aim to preserve it by regulating the volumes.