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    Home > Chemicals Industry > Petrochemical News > Novak: OPEC team confirms the oil production level reached earlier

    Novak: OPEC team confirms the oil production level reached earlier

    • Last Update: 2021-07-20
    • Source: Internet
    • Author: User
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    According to foreign news on April 27, Russian Deputy Prime Minister Alexander Novak said on Tuesday that after the meeting of the OPEC Joint Ministerial Supervisory Committee (JMMC), the group decided not to change the oil production level reached earlier
    .


    He said that the situation in the oil market is positive and demand is recovering, but the rapid spread of the new crown epidemic in India and Latin America is worrying
    .


    Novak also said that the OPEC ministerial meeting will be held on June 1, when ministers will consider July and August production levels
    .


    Novak said that the demand for crude oil is expected to increase to 6 million barrels per day in 2021 and hopes that oil prices will remain stable before the end of the year
    .

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