June 7, 2019 / 3:58 PM / in 17 days

Russia's Novak sees possible oil glut if trade wars continue

ST PETERSBURG (Reuters) - Russian Energy Minister Alexander Novak said on Friday there could be a glut of oil on the market if trade wars continue.

Speaking on Russian state television, Novak said Russia did not see a particular risk to Russia from rising U.S. shale oil output and that Moscow was not concerned by the competition.

Reporting by Maria Grabar; writing by Tom Balmforth; editing by Polina Ivanova

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