| Global oil market recovery can be expected by the end of 2017, Russian Energy Minister Alexander Novak said Sunday. "It seems to me that by the end of 2017 we will see the end of the respective cycle [of low oil prices] and the recovery of the market," Novak stated at the Vestifinance forum.
The supply will be below the level of 2015 during the second, third and the fourth quarter of the current year and only by the year-end, it will reach the previous year's notch, he noted, citing experts' forecast and assessment...............................................Full Article: Source
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