{"id":33497,"date":"2020-09-02T17:10:31","date_gmt":"2020-09-02T13:10:31","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33497"},"modified":"2020-09-02T17:10:32","modified_gmt":"2020-09-02T13:10:32","slug":"russias-novak-will-propose-opec-react-to-recovery-in-global-oil-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/russias-novak-will-propose-opec-react-to-recovery-in-global-oil-demand\/09\/02\/market-updates\/","title":{"rendered":"Russia&#8217;s Novak: Will Propose OPEC+ React to Recovery in Global Oil Demand"},"content":{"rendered":"\n<p>Russian Energy Minister Alexander Novak said that global oil demand has recovered by a large rate, up to 90% from pre-pandemic levels, adding that Moscow will propose to the OPEC+ group to take a response to this trend within the framework of the global agreement to reduce oil production.<\/p>\n\n\n\n<p>Novak said he expected a full recovery in oil demand sometime next year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><\/p><cite>&#8220;Global\u00a0oil demand to fully recover in the first or the second half of 2021, seeing risks of second coronavirus pandemic wave.&#8221;<br><br>&#8220;Russian oil output will decline from August to December\u00a0by around 13.8% from earlier planned levels.&#8221;<br><br>&#8220;We will closely watch the oil market situation, will balance oil output as economy recovers.&#8221;<br><\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Russian Energy Minister Alexander Novak said that global oil demand has recovered by a large rate, up to 90% from pre-pandemic levels, adding that Moscow will propose to the OPEC+ group to take a response to this trend within the framework of the global agreement to reduce oil production. Novak said he expected a full &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6846,6876,6875],"class_list":["post-33497","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-oil","tag-opec","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33497"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33497\/revisions"}],"predecessor-version":[{"id":33498,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33497\/revisions\/33498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33476"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}