“We see that this year, compared to 2018, under the influence of various factors, oil demand will be significantly lower by the end of 2019, and it is estimated that it will amount to approximately an increase from 1 to 1.1 million barrels per day compared to last year” - TASS quoted Novak as saying.
He noted that last year the increase in oil demand amounted to 1.5 million barrels per day.
Earlier, Venezuelan Oil Minister Manuel Quevedo attributed the drop in oil production in the country below 1 million barrels per day to attacks on energy infrastructure.