Axar.az
UP
4 June 2020


Oil demand may continue declining

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

The global oil demand has already contracted by 10-15 mln barrels daily and may continue falling, Russian Energy Minister Alexander Novak said in his introductory statement at the OPEC+ meeting.

Axar.az reports citing Russia media.

"We see economic activity has slowed down. According to estimates of experts, about 4 bln people are at self-isolation at present, which certainly influenced on the activity, the movements, and certainly the decline of oil demand worldwide. We currently see a very strong decline in demand - by 10-15 mln barrels daily. This figure will be even higher, it may change to the upside," Novak noted.

Russia is concerned of the increase in commercial oil inventories and the possibility of complete filling of oil storages, the Minister said.

Date
2020.04.09 / 23:32
Author
Axar.az
Comments
See also

UK premier urged to restore public confidence

Russia agrees with Trump, G7 is outdated

Alexander Lukashenko dismisses government

Austrian FM: "Austria not opening border to Italy yet"

Trump: ‘National Guard is ready’ to take action in NYC

Turkey`s Defense Minister stated on FETO

50,000 coronavirus deaths as lockdown breaks down

Kazakhstan refuses to join the Union State with Russia

Nikol is not infected with the coronavirus - Asryan

The deputy of Sarraj arrived in Moscow

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla