• Russia's deputy energy minister Sorokin: Return to pre-virus oil demand will take a long time

Notícias do Mercado

6 maio 2020

Russia's deputy energy minister Sorokin: Return to pre-virus oil demand will take a long time

  • No reasons for oil to fall to or below zero now
  • We can see first signs of recovery in the oil market
  • Nobody is interested in breaking OPEC+ deal now
  • Full compliance may be difficult for some countries
  • Violation of OPEC+ deal would bring new collapse in oil
  • Global oil demand fall eased to 21.5-27 mln bpd now from decline of 30 mln bpd
  • Second wave of economic slowdown is not ruled out, including U.S. trade war with China
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