Russian Energy Minister Warns of Covid-19 Risks to Global Oil

Russian Energy Minister Alexander Novak said that the global oil market has stabilized in the past few months and that the balance between supply and demand has been restored, while uncertainties continue, such as the rise in COVID-19 cases.

He also said that talks about the possibility of transferring exports of oil products from Belarus to Russian ports are continuing, and that Russia is able to deal with exports ranging between 4 and 6 million tons of oil products from the neighboring country.