Novak: OPEC+ sees no crisis events in oil market

Russian Energy Minister Alexander Novak said OPEC+ ministers see no crisis events that call for an emergency meeting now to regulate oil output.

“Of course, demand is affected by the status of the global economy, and the economy is slowing down,” the Russian minister said at the Russian Energy Week conference in Moscow.

“There are no crisis events that call for an emergency meeting," Bloomberg cited Novak as saying.