The oil market will be stabilized by the summer, Russia’s Energy Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel.
The minister said that the joint efforts agreed by OPEC and non-OPEC countries in December in Vienna will stabilize the situation, balance it in the first half of 2019.
"The demand will traditionally grow during the summer, which is why I think the market will be balanced," TASS cited Novak as saying.
