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The Russian president says global oil demand will grow. Russia will continue to promote the dialogue of oil-producing countries to ensure the stability of this market and create conditions for the sustainable development of the industry, President Vladimir Putin said speaking at a plenary session of the Russian Energy Week. “The progress of the global energy sector, reliable energy security of the entire planet can only be achieved through global partnership, working under rules which are same for everyone and, of course, via transparent, constructive dialogue of market participants without any political motives,” Putin said. According to him, “the balance of supply and demand in the oil market, achieved through an agreement with OPEC, confirms the correctness of this approach.” “Russia will continue to promote the dialogue of oil-producing countries in order to ensure the stability of the situation on the oil market, create conditions for the sustainable development of the industry, and for implementation of long-term investment plans,” Putin said.

Oil demand

Oil demand on the global market will grow in the foreseeable future largely on account of the Asia-Pacific Region, he said.  “Oil demand will increase in the foreseeable future and largely on account of consumers in the Asia-Pacific Region,” Putin said…..Read more

The Russian president says global oil demand will grow. Russia will continue to promote the dialogue of oil-producing countries to ensure the stability of this market and create conditions for the sustainable development of the industry, President Vladimir Putin said speaking at a plenary session of the Russian Energy Week. The Russian president says global oil demand will grow. Russia will continue to promote the dialogue of oil-producing countries to ensure the stability of this market and create conditions for the sustainable development of the industry, President Vladimir Putin said speaking at a plenary session of the Russian Energy Week. The Russian president says global oil demand will grow. Russia will continue to promote the dialogue of oil-producing countries to ensure the stability of this market and create conditions for the sustainable development of the industry, President Vladimir Putin said speaking at a plenary session of the Russian Energy Week.