Global oil deficit seen at 1 million bpd, Russia’s Novak says

Global oil deficit seen at 1 million bpd, Russia’s Novak says
# 26 May 2021 14:23 (UTC +04:00)

Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday, APA reports citing Arab News.
He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+, should take into account possible increase in oil production by Iran when considering its further steps.

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