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Alexander Novak: Oil demand to soar in second half of 2017

Alexander Novak: Oil demand to soar in second half of 2017

Participants of the OPEC+ agreement forecasting 2 mln bpd increase in demand for oil in the second half of 2017.
Report informs citing the TASS, Russian Energy Minister Alexander Novak said at a meeting of OPEC+ Ministerial Monitoring Committee today.
“We expect oil demand to increase by 2 mln bpd compared with the first half of the year”, he said.
He added that OPEC+ participants should develop a strategy for period after March 2018.
Notably, at today’s meeting in Vienna, oil extraction in Nigeria and Libya that exempted from OPEC+ agreement will be discussed.
Nigerian oil minister said that they could join the OPEC+ agreement today.