It will take the oil market several months to recover from the current turbulence, Russian Energy Minister Alexander Novak said on Tuesday, adding that plummeting oil prices were not a surprise for Russia.
“This scenario was expected and calculated,” he told Rossiya-24 channel the day after a 30 percent drop in crude prices. On Tuesday, oil gained around 8 percent – a good signal that some panic sentiments have already vanished, the minister believes.
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