Russia’s Novak: Oil market is very sensitive but balanced

s balanced but the balance is fragile. The global economy is growing slower than expected. That influences the demand for oil. The

mechanism is efficient. The market situation requires closer opec+ cooperation. cooperation ensures the stability of the oil market and investments. It's not our goal to set oil prices, we aim to balance the market. On oil prices by years end, the market sets prices itself. Market reaction WTI is battling the $82 mark, holding the latest uptick following the above comments. The US oil is trading flat on the day.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Russia’s Novak: Escalation of Israel-Palestinian conflict may affect oil marketAhead of the meeting with Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman later on Wednesday, Russian Deputy Prime Minister Alexander Novak
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »

Russia, Saudi Arabia to discuss oil market, prices amid Israel-Hamas warSaudi Arabia and Russia, the world's top two oil exporters, will discuss the situation on the oil market and oil prices on Wednesday amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
La source: Reuters - 🏆 2. / 97 Lire la suite »