Parviz Shahbazov: "Stability is maintained in world oil market"

Parviz Shahbazov: "Stability is maintained in world oil market"
  • Clock-gray 10:20
  • calendar-gray 04 October 2019

Although attacks to oil objects in Saudi Arabia leads to changes in oil price, these cases are temporary and stability is ensured in markets, Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov said in his speech at panel session on “Protecting Energy Connections in an Unstable World” in the event “Russian Energy Week” held in Moscow, Ministry of Energy told APA-Economics.

According to him, although global oil demand decreases regarding the slowdown of economic growth in the world and other factors currently, the steps taken within the framework OPEC+ format contribute regulation of the oil market.

Emil Ismayilov

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