Russia sees Covid-19 impact on oil demand to last until 2023-2024 - document
The draft document, outlining oil industry developments until 2035, also showed that Russia could lose global oil market share due to curbs on oil production and exports
The International Energy Agency forecasts India's consumption to double and its oil import bill to nearly triple from 2019 levels to more than $250 billion by 2040. Representative Image: REUTERS
Russia expects the fallout from the Covid-19 pandemic for the global consumption of oil and oil products may last until 2023-2024, a draft government document showed on Thursday.
The draft document, outlining oil industry developments until 2035, also showed that Russia could lose global oil market share due to curbs on oil production and exports.
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