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[size=36]Novak: We cannot talk about reducing oil production before evaluating the market[/size]
Economy | 06:38 - 04/02/2020
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Baghdad - Mawazine News
, Russian Energy Minister Alexander Novak confirmed that Russia does not rule out the possibility of bringing the OPEC + meeting, scheduled for 5 and 6 March, closer to an earlier date.
"Talking about the need for an additional reduction in oil production is only possible after assessing the current market situation due to the outbreak of the Corona virus in China," Novak said.
Responding to a question about the feasibility of a new downsizing in production, Novak said: "I am not ready to talk about specific proposals now, but I say again: It is important now to assess the situation and evaluate the correct forecasts. There is a lot of uncertainty, and perhaps the cause is panic and the prevailing panic."
Novak pointed out that during the meeting of the technical committee of "OPEC +" this week in Vienna, the current situation in the global oil market will be discussed and evaluated against the background of the outbreak of the "Corona" virus. End / 29 s
, Russian Energy Minister Alexander Novak confirmed that Russia does not rule out the possibility of bringing the OPEC + meeting, scheduled for 5 and 6 March, closer to an earlier date.
"Talking about the need for an additional reduction in oil production is only possible after assessing the current market situation due to the outbreak of the Corona virus in China," Novak said.
Responding to a question about the feasibility of a new downsizing in production, Novak said: "I am not ready to talk about specific proposals now, but I say again: It is important now to assess the situation and evaluate the correct forecasts. There is a lot of uncertainty, and perhaps the cause is panic and the prevailing panic."
Novak pointed out that during the meeting of the technical committee of "OPEC +" this week in Vienna, the current situation in the global oil market will be discussed and evaluated against the background of the outbreak of the "Corona" virus. End / 29 s
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