Home Oil & Companies News Russia’s Novak: OPEC+ deal removed oil excess, now key to keep market in balance

Russia’s Novak: OPEC+ deal removed oil excess, now key to keep market in balance

Organization of Petroleum Exporting Countries and their allies, a group known as OPEC+, have fulfilled a goal of removing excess oil from the global market and it is now important to keep the market balanced, Russia’s top negotiator, Alexander Novak, said. “Joint actions allowed to take away (oil) excess accumulated when demand was down – …

The post Russia’s Novak: OPEC+ deal removed oil excess, now key to keep market in balance first appeared on Hellenic Shipping News Worldwide. Source

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