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Russia: Energy Minister Novak calls for 100% fulfillment of OPEC+ commitments02:24

Russia: Energy Minister Novak calls for 100% fulfillment of OPEC+ commitments

Russian Federation, Moscow
June 6, 2020 at 17:54 GMT -00:00 · Published

Russian Energy Minister Alexander Novak called for 100% fulfillment of commitments made by OPEC+ countries during an online meeting of the OPEC+ ministerial committee on Saturday.

According to the head of the Ministry of Energy, April was the worst month in oil market history. Novak stressed that this sector of the economy remains "in a fragile state" and needs support.

"Therefore, today more than ever, in my opinion, 100% fulfillment of the commitments made by all participating countries is important," Novak added.

As part of the online meeting, the Russian Energy Minister also expressed his appreciation of actions done by all participants of the 9th and 10th OPEC’s Ministerial Meetings, which allowed to avoid "major consequences of the most significant decline in demand in the world oil market today."

Russia: Energy Minister Novak calls for 100% fulfillment of OPEC+ commitments02:24
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Russian Energy Minister Alexander Novak called for 100% fulfillment of commitments made by OPEC+ countries during an online meeting of the OPEC+ ministerial committee on Saturday.

According to the head of the Ministry of Energy, April was the worst month in oil market history. Novak stressed that this sector of the economy remains "in a fragile state" and needs support.

"Therefore, today more than ever, in my opinion, 100% fulfillment of the commitments made by all participating countries is important," Novak added.

As part of the online meeting, the Russian Energy Minister also expressed his appreciation of actions done by all participants of the 9th and 10th OPEC’s Ministerial Meetings, which allowed to avoid "major consequences of the most significant decline in demand in the world oil market today."

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