Russia’s Novak Says Oil Market not yet Reached Full Recovery

Russian Deputy Prime Minister Alexander Novak said oil prices are expected not to change significantly in 2022, and demand would recover to pre-COVID-19 levels in late 2022, Reuters reported.
Mosco plans to produce 540-550 million tons of oil in 2022, Novak said.
He added that oil market has not yet reached fully recovery.

About Parvin Faghfouri Azar

Check Also

Russia’s Crude Oil Shipments Slump by 11% in Two Months

Russian crude oil exports by sea have dropped by 11% from a recent high in …

Leave a Reply

Your email address will not be published. Required fields are marked *