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.
Dünya bazarında gündəlik 10 mln. barel artıq neft var
Ежедневный избыток нефти на рынке составляет 10 млн баррелей
Latest News
02:29
Photo
Video
Sites of Memory of Western Azerbaijan: How was Amasia, once home to Azerbaijanis, Armenianized?
Domestic policy
00:01
Six years pass since another deadly missile attack on Ganja by Armenia
Domestic policy
00:00
Today marks sixth anniversary of Fuzuli's liberation from occupation
Domestic policy
23:41
Photo
Events calling on Armenia to address mine problem held in six European countries
Foreign policy
23:13
AI agents hack systems of several companies in India
ICT
22:53
Azerbaijani weightlifter Gasim Ismayilov claims three medals at European U-23 Championships in Albania
Individual sports
22:29
NYT: White House press secretary fired after five days on the job
Other countries
22:22
European Commission to propose additional funding for Ukraine in 2027
Other countries
22:12
Trump denies involvement in Starlink slowdown in Ukraine
Other countries