Baku 23° C
Novak: Oil price recovery may take several months
Energy
- 10 March, 2020
- 10:57
Add Report.az to preferred Google sources
Stay up to date with the top news!
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.
Author
Nazir: "Neftin qiymətinin əvvəlki səviyyəyə qayıtması bir neçə ay çəkə bilər"
Новак: восстановление цен на нефть займет несколько месяцев
Latest News
14:06
Turkic states need unified digital wallet, Kyrgyz banker says
Finance
13:58
Photo
Official luncheon hosted on behalf of President Ilham Aliyev in honor of President of Laos
Foreign policy
13:52
Azerbaijani MFA extends condolences to Saudi Arabia
Foreign policy
13:31
Schools in Germany's Oschersleben cancel classes over shooting threat
Other countries
13:28
Photo
Azerbaijan, OIV discuss cooperation in viticulture and winemaking
AIC
13:25
Warm weather to continue in Azerbaijan, with temperatures hitting 29°C
Ecology
13:06
NATO chief discusses Black Sea drone attacks with Bulgarian PM
Other countries
13:01
Laos expects Baku agreements to bolster bilateral ties, investments
Foreign policy
12:50
MP Tahir Mirkishili proposes establishment of Institute of Azerbaijanism
Domestic policy