September 5, 2019 / 1:34 AM / 16 days ago

Russian energy minister says oil market balanced, but uncertainties persist

FILE PHOTO: Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov

VLADIVOSTOK, Russia (Reuters) - Russian Energy Minister Alexander Novak said on Thursday that the global oil market was balanced, while some uncertainties remained.

Speaking to reporters at an economic forum in Vladivostok, Novak said policymakers should focus on balancing the energy market instead of concentrating on oil prices.

Reporting by Vladimir Soldtakin; Writing by Gabrielle Tétrault-Farber; Editing by Sandra Maler

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