Oil demand in 2021 may recover by 5.5 million bp, while reserves may decline
10:36 12.03.2021 7528
Oil demand in 2021 may recover by 5.5 million b / d, Russian Deputy Prime Minister Alexander Novak said, INTERFAX reports.
According to him, the oil market is currently in a more stable situation, including thanks to the OPEC+deal. Demand is gradually recovering. Last year, it fell in the world as a whole by 20-22 million b/s. During this time, it recovered by about 15-17 million b/s. And this year, we expect the overall recovery in demand to be somewhere around 5.5 million b/d. The final recovery of pre-crisis demand is expected in 2022, " Novak said.
"There is a shortage in the market at the current time, which allows us to reduce the accumulated stock balances. And we expect that this year oil reserves will fall to the average 5-year value," he added.
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Gurbanguly Berdimuhamedov held a meeting on expanding Turkmen gas export routes
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Preparations for the implementation of energy projects discussed at talks in Islamabad
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The government meeting summed up the results of the oil and gas sector for January-May 2025
On July 4, President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers, where the results of the work carried out in the country for the first five months of this year were summed up, TDH reports.
Gurbanguly Berdimuhamedov: one of the priorities of cooperation between Turkmenistan and China is the fuel and energy sector
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