Russia's energy minister Novak: Uncertainties on global oil markets still remain

Market news

28 December 2020

Russia's energy minister Novak: Uncertainties on global oil markets still remain

Global oil demand is still below 6-7 million bpd pre-crisis level

Expecting 5-6 million bpd of oil in additional demand next year

We aim to recover oil production as global oil market recovers

OPEC+ deal could be adjusted if oil market recovers quicker than expected

Elysee office: President Macron and some senior cabinet ministers to review COVID-19 situation on December 29 as cases rise - Reuters

EU spokesperson for Germany: EU ambassadors have approved provisional application of trade deal with UK

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