Baku 14° C
World market has more than 10 million barrels of excess oil
Energy
- 06 May, 2020
- 11:55
Add Report.az to preferred Google sources
Stay up to date with the top news!
Currently, the excess oil in the world market makes up 10 million barrels per day, Deputy Energy Minister of Russia Pavel Sorokin told Roskongress Foundation.
According to him, a decline in trade inventories in case of restoration of demand and lack of strikes may start in the third quarter of 2020.
Sorokin noted that OPEC+ deal will give time to fill the tanks.
Author
Dünya bazarında gündəlik 10 mln. barel artıq neft var
Ежедневный избыток нефти на рынке составляет 10 млн баррелей
Latest News
21:38
Participants of Azerbaijan NGOs Cooperation Forum address President Ilham Aliyev
Domestic policy
21:19
Children in US given psilocybin-laced candy during Halloween
Other countries
21:02
Video
Baku TV prepares 'Light Born of Victory' feature for Victory Day
Domestic policy
20:42
Photo
Coordinate 44 premiered in Tbilisi
Region
20:38
Jay Rockefeller, last member of political Rockefeller dynasty, Dies at 89
Other countries
20:21
The Taghiyev: The School Screened at the 6th Korkut Ata Turkic World Film Festival
Art
20:17
Photo
President Ilham Aliyev and First Lady Mehriban Aliyeva attend inauguration of first phase of Jahangirbeyli village in Zangilan - Update
Domestic policy
20:15
Turkish ambassador calls for preserving unity between Azerbaijan and Türkiye
Foreign policy
20:12
Azerbaijani ambassador highlights historical significance of victory at event in Tbilisi
Region