The Global Oil Demand to Improve in August- Declares Russian Energy Minister

  • Jul 17, 2020 NZST
  • Team Kalkine
The Global Oil Demand to Improve in August- Declares Russian Energy Minister

Alexander Novak- the Russian Energy Minister, anticipates a significant recovery in the global demand in August 2020.

  • Mr Novak believes that the oil demand could improve to just remain 10 per cent lower against the pre-crisis levels in August.
  • Furthermore, in the recent past, both OPEC and Russia decided to ease the supply curbs from a record 9.7Mbpd to 7.7Mbpd in August.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
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