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Novak: Oil price recovery may take several months
Energy
- 10 March, 2020
- 10:57
The Russian Energy Ministry believes that the oil prices may recover in a few months, Energy Minister Alexander Novak told Russia-24, Report informs.
The minister said Russia could increase its daily output by 250,000-300,000 barrels a day and then by 500,000 barrels in the short term.
OPEC countries discussed the issue of output cuts only within the OPEC+ deal. Russia and OPEC members are scheduled to meet in May-June to discuss the situation.
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