9/1, 3:16 PM (Source: TeleTrader)
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Novak: Global oil market to fully restore in 2022

Russian Deputy Prime Minister Alexander Novak said on Wednesday that he expects the global oil market to fully restore next year.

Novak noted that OPEC and its allies led by Russia managed to remove the surplus from the global oil market with their output cuts and that they should now focus on keeping the market balanced and synchronizing output as the recovery continues.

The Russian official also stressed that his country is strictly complying with the OPEC+ deal.

Breaking the News / NP