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Novak assessed the situation in the oil market in connection with the attacks on Saudi Aramco

2019-09-16T07:05:09.187Z

Head of the Ministry of Energy Alexander Novak said that the deficit, which is likely to arise in the oil market due to the situation in Saudi Arabia, can be covered from world commercial oil reserves.


According to RIA Novosti, Novak noted that currently there are enough commercial reserves in the world to cover the shortage of oil in the medium term.

When asked if Russia needs to increase production against the backdrop of a drop in oil production in the kingdom, the minister replied: “It all depends on the speediest assessment of the consequences carried out by the Saudi colleagues: from this we can understand the scale of the impact on production volumes and supplies.”

It was previously reported that world oil prices are rising. October WTI crude futures rose to $ 59.77 a barrel, Brent crude futures for November delivery rose to $ 66.30 a barrel.

On September 14, in Saudi Arabia, drones attacked two refineries of the state-owned company Saudi Aramco, after which fires occurred at the plants.

Source: russiart

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