The minister noted that "this year has become a real shock for the entire world economy, including the oil sector."
“We see how difficult the recovery is going, we see a lot of uncertainties that prevent a return to pre-crisis indicators of the economy and world consumption of oil raw materials,” RIA Novosti Novak quotes.
He stated that "the decline in the mobility of society, the transition of the population to" online ", the shutdown of production have tested the stability of the functioning of supply chains and the dynamics of global demand."
"We are seeing repeated large-scale lockdowns in a number of major European powers, although they are not as harsh as in the spring," the minister added.
Earlier, Novak said that "oil will remain the leading source of energy for more than a decade."
In September, Stanislav Mitrakhovich, a leading expert of the National Energy Security Fund and the Financial University under the Government of Russia, in an interview with the Economics Today FBA, assessed the situation on the oil market.