Russia’s Novak: Global oil demand could grow by less than 1mln bpd because of trade wars

More comments flowing in from the Russian Energy Minister Novak, via Reuters, as he continues to speak about the oil market scenario, in light of the OPEC output cuts policy.

OPEC has achieved market balance.

Oil market situation is different from 2014.

Trade war adding to oil market uncertainty.

Global oil demand could grow by less than 1mln bpd because of trade wars.

We are ready to take a joint decision with Saudi Arabia.