The world oil market partly is in short supply, says Novak

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoThe world oil market partly is in short supply, says Novak© RIA Novosti / Vitaly to Timepiece the image Bank

The global oil market is still partially in deficit, but it is a minor, told reporters Russian energy Minister Alexander Novak.

«The market is still partially in deficit, just the deficit is negligible. We see that residues (oil reserves — ed.)… Just decrease the level of decline is much lower,» said Novak.

Source