According to TASS, Novak noted that the aggregate level of execution of the OPEC + deal continues to remain high (above 100%) even at the second stage of the agreement, which began in August.
“We see how difficult it is to recover to pre-crisis market indicators.
The forecasts for the recovery of world GDP, oil demand are being revised, and these are, of course, the tendencies that we must discuss with you today and take into account in our further actions, ”the minister said.
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 FBA "Economics Today" assessed the situation on the oil market.