On October 4, Russian Deputy Prime Minister Alexander Novak

On October 4, Russian Deputy Prime Minister Alexander Novak, following the meeting of the ministerial monitoring committee of OPEC+, stated that the situation on the global oil market remains tense, however, OPEC+ countries intend to take measures to form balanced prices on global oil markets.

Coverage (2 sources)

• OPEC: costs for transportation and insurance exceeded one-third of the product's value — Ведомости
• Oil supply disruptions led to unprecedented rise in insurance and transport costs. — ТАСС (Telegram)

Key entities

• OPEC