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- Russia's deputy energy minister Sorokin: Return to pre-virus oil demand will take a long time
Russia's deputy energy minister Sorokin: Return to pre-virus oil demand will take a long time
- No reasons for oil to fall to or below zero now
- We can see first signs of recovery in the oil market
- Nobody is interested in breaking OPEC+ deal now
- Full compliance may be difficult for some countries
- Violation of OPEC+ deal would bring new collapse in oil
- Global oil demand fall eased to 21.5-27 mln bpd now from decline of 30 mln bpd
- Second wave of economic slowdown is not ruled out, including U.S. trade war with China
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