Russia's Novak expects full global oil demand recovery by second quarter next year

Russia's Novak expects full global oil demand recovery by second quarter next year
  • Clock-gray 21:07
  • calendar-gray 17 September 2020

Russian Energy Minister Alexander Novak expects global oil demand to recover fully in the second quarter of 2021, he said on Thursday, APA reports quoting Reuters.

Novak also said that the global oil demand recovery has slowed and that leading oil producers, a group known as OPEC+, should restore output gradually in line with the demand recovery so not to overheat the market.

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