Russian energy ministry sees global oil market balancing in June-July -RIA

The ministry currently sees a surplus of 7-12 million barrels per day on the global market

  
FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russian Energy Minister Alexander Novak at the start of an OPEC and NON-OPEC meeting in Vienna, Austria, December 6, 2019. REUTERS/Leonhard Foeger/File Photo

FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russian Energy Minister Alexander Novak at the start of an OPEC and NON-OPEC meeting in Vienna, Austria, December 6, 2019. REUTERS/Leonhard Foeger/File Photo

Leonhard Foeger/File Photo

MOSCOW- Russia's energy ministry sees global oil demand and supply balancing in June and July as consumption rises, the RIA news agency said on Monday, citing an unnamed source.

The ministry currently sees a surplus of 7-12 million barrels per day on the global market, the source said.

The energy ministry declined to comment.

(Reporting by Vladimir Soldatkin Writing by Alexander Marrow Editing by David Goodman ) ((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))

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