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Novak Speaks on Oil Markets amid volatile trading

RUSSIA

Russia's Novak discusses Oil Markets via bbg:

  • NEW U.K. LOCKDOWN, RESTRICTIONS AFFECTING OIL PRICES
  • GLOBAL OIL DEMAND STILL 6-7M B/D BELOW PRE-CRISIS LEVELS
  • OIL RECOVERY TO BE SLOWER THAN WE EARLIER ANTICIPATED
  • STILL, OUTPUT NEEDS TO GROW GRADUALLY TOGETHER W/DEMAND
  • GAS STORAGE LEVELS REDUCING FASTER THAN IN PREVIOUS YRS 0
  • OPEC+ OUTPUT COOPERATION CAN'T BE ENDLESS - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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