• Russia's energy minister Novak: Global oil demand may drop by 150k to 200k bpd this year

Market news

7 February 2020

Russia's energy minister Novak: Global oil demand may drop by 150k to 200k bpd this year

  • Uncertainties in oil production persist in Libya, Iran and Venezuela
  • U.S. oil production is seen rising by less than 1 mln bpd in 2020
  • Have no information on restrictions on Russian oil and gas supplies to China

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