Global oil market balanced, Novak says

  MOSCOW: The global oil market is currently balanced owing to efforts of OPEC+ countries and this year sees a record-high incremental growt...

 


MOSCOW: The global oil market is currently balanced owing to efforts of OPEC+ countries and this year sees a record-high incremental growth of oil demand supported by appropriate supplies, Russian Deputy Prime Minister Alexander Novak said on the air with the Rossiya-24 TV Channel.

"Such joint efforts [of OPEC+ countries] resulted in the market being balanced. We see the demand at present is rather high during the summer and fall period; it is supported by the required offer. By the way, the record-high increase of oil demand is observed this year across the globe in general - 102.4 mln barrels daily, with incremental growth of 2.4 mln barrels [per day]. This is very sound; it was about one million barrels per day before," Novak said.

Russia made the decision to continue the reduction of oil supplies to global markets by 300,000 barrels per day in order to maintain the stability and the balance of oil markets, Novak said earlier.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,4056,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,3,TOP STORY,4776,TRAVEL,8,
ltr
item
Local Glob: Global oil market balanced, Novak says
Global oil market balanced, Novak says
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxcoDJ2X_pNj_wavWQQV5Wtw5aaZSaE-Cbju61mtw2En_D-zLW98uB5M3RaGr6wfFAjA6bi-Ky2GcYW_UFchkIiuV_jdq0aWxZa4_uJOsN5rSWM8_OE1WlPUlhl46Bqv6aVJ4gH3TLHVNIFn7NPCETFmiiw7DWVueJD6vNMyCRHoxN5BAf_P_S-K5Q9T1E/s320/global.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxcoDJ2X_pNj_wavWQQV5Wtw5aaZSaE-Cbju61mtw2En_D-zLW98uB5M3RaGr6wfFAjA6bi-Ky2GcYW_UFchkIiuV_jdq0aWxZa4_uJOsN5rSWM8_OE1WlPUlhl46Bqv6aVJ4gH3TLHVNIFn7NPCETFmiiw7DWVueJD6vNMyCRHoxN5BAf_P_S-K5Q9T1E/s72-c/global.jpg
Local Glob
https://www.localglob.com/2023/10/global-oil-market-balanced-novak-says.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2023/10/global-oil-market-balanced-novak-says.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy