Russian Deputy Prime Minister Novak said the global oil market is already balanced and is not expected to see a supply shortage in the oil market after OPEC+ starts to cut production from May. OPEC+ does not see the need for further cuts in crude oil production.
Russian Deputy PM: OPEC+ Sees no Need for Further Output Cuts
Russian Deputy Prime Minister Novak said the global oil market is already balanced and is not expected to see a supply shortage in the oil market after OPEC+ starts to cut production from May.
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