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Global oil deficit seen at 1mn bpd, Russia's Novak says

  • He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+.
Published May 26, 2021

TORZHOK: Global oil deficit is currently seen at around 1 million barrels per day, Russia's deputy prime minister Alexander Novak told reporters on Wednesday.

He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+, should take into account possible increase in oil production by Iran when considering its further steps.

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