OPEC+ coped with excess inventories in the oil market, now it is necessary to maintain balance and synchronize production and demand, Russian Deputy Prime Minister Alexander Novak told reporters
MOSCOW (Pakistan Point News / Sputnik - 01st September, 2021) OPEC+ coped with excess inventories in the oil market, now it is necessary to maintain balance and synchronize production and demand, Russian Deputy Prime Minister Alexander Novak told reporters.
"Thanks to joint actions, we managed to remove the surplus that was accumulated during the period of decline in demand, I think we have fulfilled this task. It is now important to maintain this balance and synchronize production and demand as the market recovers," he told reporters.
