Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television channel in an interview on Friday. Dyukov, head of Gazprom’s oil arm, said that he hoped oil prices would exceed $30 a barrel in the summer and approach $40 per barrel by the end of this year. The manager, however, noted that demand recovery would not be V-shaped, and there would not be a jump in prices in May, although this is the month in which the new OPEC+ cuts enter into force. Last month, Dyukov told Russian business daily Kommersant that if US states ease lockdowns and oil demand improves, oil prices could recover to $40-$45 a barrel by the end of this year. As part of the OPEC+ deal, Russia pledged to cut its production to 8.5 […]