MOSCOW (Reuters) – Global oil demand is expected to rise by 1.4 million barrels per day (bpd) next year after growing at a rate of one million bpd in 2019, Russian Energy Minister Alexander Novak said in an article in the Energy Policy magazine published on Wednesday.
Novak also said that output caps in place as part of the global oil production deal between OPEC and its allies were temporary and that Russia would only undertake such cuts when they are in the national interest.
Related CoverageOPEC and other oil producers need more coordination – RussiaRussia committed to fully complying with OPEC+ deal – Novak
Reporting by Vladimir Soldatkin and Olesya Astakhova; Writing by Maria Kiselyova; Editing by Tom Balmforth
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