Russia's Novak expects oil demand to pick up in March, April
ReutersFeb 3, 2026 10:30 AM
MOSCOW, Feb 3 (Reuters) - Russian Deputy Prime Minister said on Tuesday that there is currently a balance on the global oil market, while demand will be gradually rising in March and April, when asked about the OPEC+ group's plans on its production policy.
OPEC+ agreed to keep its oil output unchanged for March at a meeting on Sunday. The group's statement made no mention of what OPEC+ could decide for specific months beyond March.
Novak also didn't directly say what the group's steps could be starting from April.
"Starting from around March or April, demand has been gradually increasing. This will be an additional factor helping to maintain balance," he told reporters.
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