Russia Envisions Oil Market Balance by July 2020

  • May 26, 2020 AEST
  • Team Kalkine

Russia sees oil market balance by the end of July 2020 as reported by the RIA news agency, based on an unnamed source acquainted with the Russia’s energy minister’s speech at the state council on energy.

  • The news emerged in the market ahead of the upcoming online conference between leading oil producers concerning joint efforts to bring balance to the oversupplied oil market.
  • As per the RIA news, the Russian oil ministry anticipates that the global demand would improve ahead while the supply is already being curtailed by 14 to 15 million barrels per day.
  • RIA also mentioned that Russia anticipates the current global oil surplus to range between 7 to 12 Mbpd.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK