Russia's Novak: US trade tensions affects oil prices

Haresh Menghani FXStreet

Continuing with his earlier comments, Russia’s Energy Minister Alexander Novak was further noted saying that we will take measures in case of oil market deficit.

Additional quotes:

• If there is a need to increase oil output by more than 1 million bpd, we can discuss it.
• Does not rule out adjusting oil output as all obligations taken as part of OPEC deal provisional.
• US trade tension affects oil prices.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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