Global oil deficit seen at 1 million bpd, Russia’s Novak says-

Publish May 27, 2021
oil and gas

He said OPEC+ should take into account possible increase in oil production by Iran when considering its further steps

TORZHOK, Russia: Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday.


He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+, should take into account possible increase in oil production by Iran when considering its further steps.

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