Global oil market is in balanced state -Azerbaijan's Minister of Energy

Parviz Shahbazov, Minister of Energy

© APA | Parviz Shahbazov, Minister of Energy

# 01 June 2023 13:54 (UTC +04:00)

"Currently, the global oil market is in a balanced state," Azerbaijan's Minister of Energy Parviz Shahbazov said this while answering the question of whether the global oil market is in a balanced state, APA-Economics reports.

"Generally, thanks to the long-term activity of OPEC+, it is balanced," the Minister noted.

According to him, this trend still continues.

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