Situation on Global Oil Market Stable, Balance Present - Novak

NAMPA / Sputnik

2025-12-01

RIYADH, December 1 (RIA Novosti) - The situation on the global oil market is stable and balanced, but some volatility related to geopolitics exists, Russian Deputy Prime Minister Alexander Novak said on Monday. "The market situation, as we see it, is stable. In many ways, this is due to the joint actions of the OPEC+ countries. Yes, we see some volatility related to geopolitical factors and risks that the market takes into account. Nevertheles......

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