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Novak: exchanges will continue to respond to the situation in Saudi Arabia


Russian Energy Minister Alexander Novak said oil exchanges will continue to respond to the situation from Saudi Arabia.

“Probably, it was expected. When the weekend was off, everyone expected that on Monday the prices would rise, because the price implies uncertainty and risks. I think that the exchange will react to the situation based on the information that will come from Saudi Arabia, ”Novak quoted RIA Novosti as saying.

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

On the eve of world oil prices rose by more than 15% after the announcement of Saudi Arabia to reduce oil production in the country due to attacks on refineries.

Novak claimed that the deficit likely to arise in the oil market could be covered from global commercial oil reserves.

Source: russiart

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