Oil markets may bounce back to pre-Covid levels in 2021 - Novak

In an interview with Russia-24, Novak also asserted that Russia expects the global oil demand to jump by 5-6 million barrels next year.
He pointed out that the travel bans, which some countries imposed on the United Kingdom over the concerns of the spread of the new strain of Covid-19, have had an impact on oil prices, but expressed modest optimism by noting that the second wave of the pandemic has been milder than the first one.
Novak warned that too rapid of an increase in the production could lead to a glut, and urged the oil producers to upsize the output only when the demand justifies it.
Referring to the Nord Stream 2, the minister noted he is "confident" the construction of the gas pipeline will be completed despite sanctions coming from the United States.