MOSCOW, December 28. Saudi Arabia has destabilized the oil market by increasing production by 1.5 million barrels per day. About it in interview to TV channel “Russia 24” stated the Minister of energy Alexander Novak.
“Saudi Arabia this year has increased by 1.5 million barrels per day production, thereby destabilizirovat situation in fact on the market,” he said.
“The curve of supply and demand, according to experts, can come together in the second half of 2016, which will balance the market,” said Novak.
He added that the impact on the oil market and this factor “as a new production in Iran”.
See also
From high to collapse: the dynamics of oil prices since 2000
