# Global oil market remains tense amid supply deficit, Novak says

https://mins.news/en/item/85364

- TASS, 2026-10-04 13:26 UTC
- Economy
- Original: https://tass.com/economy/2197385

> Russian Deputy Prime Minister Alexander Novak said global oil markets remain volatile and tense, with a supply deficit. He said joint efforts by OPEC+ members will lead efforts to stabilize markets and overcome the current energy crisis. The International Petroleum Congress in Riyadh on October 12 will examine market conditions and forecasts through the end of 2026 and for 2027.