Russian Energy Minister: Russia Should Regain Market Share As Soon As Feasible

Russia should regain its share on the global oil market once demand returns to normal, and it can do that and even increase its market share after the drop-off in global oil investment due to the pandemic this year, Russia’s Energy Minister Alexander Novak wrote in the ministry’s Russian-language magazine Energy Policy. “It will be extremely important for Russia, and for other oil producers, to regain their market share as soon as possible, and even increase it, when demand returns to pre-crisis levels,” Novak said. According…