MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Monday the oil market will likely see more uncertainty in winter when demand for fuel typically declines.
He also told Rossiya-24 TV station current oil prices are in line with the “current situation”, while there is a deficit of oil on the market at the moment to the tune of 1 million barrels of oil per day.
Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Chris Reese
source: reuters.com