He said, presenting the forecast of Russia's socio-economic development for 2020-2023 at a government meeting, that "the forecast for oil prices has been adjusted upward."

“However, we still conservatively assess their dynamics, since the epidemiological situation in many countries remains unfavorable,” the minister said.

According to him, "the recovery in oil demand will be gradual."

“First of all, of course, on the part of the transport industry - the preservation of restrictions on population movements, as well as the development of remote forms, will affect,” Reshetnikov added.

Earlier, Stanislav Mitrakhovich, a leading expert of the Fund for National Energy Security and the Financial University under the Government of Russia, in an interview with the FBA "Economics Today" assessed the situation on the oil market.