Global Oil Demand is on the Rise, Says Putin
Russian President Vladimir Putin highlighted the increasing global demand for oil during a meeting, noting that OPEC+ producers, including Russia, anticipate a continued rise. His remarks come amidst global market fluctuations, emphasizing the strategic importance of energy resources. The demand for crude oil and oil products is reportedly climbing worldwide.
- Country:
- Russia
Russian President Vladimir Putin has emphasized a surge in global oil demand, a crucial forecast that aligns with the expectations of the OPEC+ consortium, which includes Russia among other major oil producers.
During a televised meeting with reporters, President Putin revealed that OPEC+ foresees a sustained global increase in the need for both crude oil and refined oil products.
In a clear assertion of energy strategies, Putin pointed out that this rising demand underscores the ongoing significance of oil resources in international markets, amid fluctuating global prices.
(With inputs from agencies.)
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