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Oil demand to grow by 1.5-2 mln barrels daily in 2024 — Novak

Russia’s performance of oil production quota was close to 100% in May 2024, the Russian deputy prime minister noted

ST. PETERSBURG, June 6. /TASS/. The oil demand will grow by about 1.5-2 mln barrels per day in 2024, Russian Deputy Prime Minister Alexander Novak told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"All agree that 1.5 - 2 mln barrels a day for this year plus extra demand growth; estimates for the next year are about 1.5 mln barrels per day," Novak said.

Russia’s performance of oil production quota was close to 100% in May 2024, the official noted.

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Alexander Novak

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