Russia's Novak: Global oil market is balanced now
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Comments from the Russia's Deputy Prime Minister Alexander Novak
- Global oil market is balanced now.
- Russia's oil processing in 2025 will be higher than in 2024.
- OPEC+ oil output rise by 100K bpd in April will not affect oil market.
- Russian refineries are operating normally.
- Russian market is supplied with oil products.
- Global oil supply/demand balance will be maintained in April, we will keep an eye on it.
- Russia sees 2025 oil output at 515m-520m tones.
- Russia's 2025 refinery runs may see growth.
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