Russia’s Novak says no need for emergency measures on oil market: Report

29/11/2021 Argaam

Russian Deputy Prime Minister Alexander Novak

Russian Deputy Prime Minister Alexander Novak said there is no need for urgent measures in the oil market, Reuters reported.

 

Novak told Russian news agency TASS that OPEC+ partners did not ask for renegotiation on oil output in response to the spread of COVID-19 variant Omicron.

 

Oil prices rebounded today, Nov. 29 amid forecasts that OPEC+ would pause output increase in response to the spread of Omicron.

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