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.
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