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Russia's economics ministry has made an upward revision of its Urals price forecast for 2007 from $65.5 to $67 per barrel
Russia's economics ministry has made an upward revision of its Urals price forecast for 2007 from $65.5 to $67 per barrel, a senior ministry official said Tuesday. Andrei Klepach, the head of the ministry's macroeconomic forecasts department, said the average Urals price for the first nine months of this year had been $63.9 per barrel, and in September $73.8 per barrel. In September, the Ministry of Economic Development and Trade raised the average annual forecast from $55 to $65.5 per barrel.
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