Russia sees the impact of the pandemic on oil demand will continue until 2023-2024

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Russia sees the impact of the pandemic on oil demand will continue until 2023-2024




A file image of an oil and grease-filled extraction pump at a Permian Basin field in Loving County, Texas, USA.


© Reuters/Angus Mordant
A file image of an oil and grease-filled extraction pump at a Permian Basin field in Loving County, Texas, USA.


MOSCOW, April 8 (Reuters) – Russia expects the consequences of the COVID-19 pandemic for global consumption of crude and petroleum products to last until 2023-2024, a draft government document showed on Thursday.

The draft, which describes the evolution of the oil industry until 2035, also shows that Russia could lose share of the world market due to restrictions on crude oil production and exports.

(Reporting by Oksana Kobzeva; written by Vladimir Soldatkin. Edited in Spanish by Javier Leira)

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