“We are at a high level. In July, 97% met their level. This is a high indicator for us, ”he said.
According to Novak, Russia today fulfills 100% of the obligations that it assumed in August.
“Taking into account the fact that stocks for the first time in July showed a decline relative to the average five-year value, we entered the stage of declining stocks,” he said.
According to him, this was also reflected in the meeting of the OPEC + Monitoring Committee. He added that “this is the trend that we wanted to achieve since May”.
As RIA Novosti reports with reference to the message following the meeting of the OPEC + ministerial monitoring committee, there are signs of a gradual improvement in the market situation. In particular, the indicators for reserves in July 2020 are improving and the gap between world oil demand and supply is narrowing.
“However, the pace of recovery has been slower than expected, with growing risks of a protracted wave of COVID-19,” the committee said.
The committee also said about the fragility of the market and significant uncertainty associated with the demand for oil.
Earlier, the Ministry of Energy said that Russia in July kept oil production at the June level in accordance with the OPEC + agreements