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Global oil demand dynamics impossible to predict, Novak says
The Russian deputy PM emphasized that the global change in logistics chains and energy transportation capabilities made it necessary to consider the outlook for the next 5-10 years
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Novak says current crisis in global oil market is unprecedented
According to the Russian deputy prime minister, nothing like this has ever happened even in the 20th century
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Oil production in Russia currently below beginning-of-year levels — Novak
The Russian deputy prime minister said that on the sidelines of the St. Petersburg International Economic Forum
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Unprecedented crisis on oil market and gas station prices in Russia: statements by Novak
The official stressed that the situation in the domestic fuel market remained stable
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Prolonged Middle East conflict could accelerate search for alternatives to oil — Novak
The Russian deputy prime minister noted that many countries have already limited their energy consumption, primarily scarce petroleum products like jet fuel, which has led to a…
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OPEC+ now more capable than ever of mitigating energy risks — Novak
The russian official noted that uncertainties in global markets and the economy had increased exponentially
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Global oil demand dynamics impossible to predict, Novak says
The Russian deputy PM emphasized that the global change in logistics chains and energy transportation capabilities made it necessary to consider the outlook for the next 5-10 years
- ·
Russia wants stable oil market, not global energy chaos — Putin
The russian leader revealed that oil supplies to global markets had decreased by 10%