Russia’s Novak sees more uncertainty on oil market in winter

In this news, we discuss the Russia’s Novak sees more uncertainty on oil market in winter.

MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Monday that the oil market is likely to experience more uncertainty in winter when demand for fuel generally declines.

He also told Rossiya-24 TV station that current oil prices are in line with “the current situation”, while there is a shortage of oil in the market right now at 1 million barrels. of oil per day.

Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Chris Reese

Original © Thomson Reuters

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