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Novak calls situation on global oil market volatile and tense

🇷🇺 Russia 19:32 Energy Business Official updated 8 d ago first reported by РИА Новости

In short

RIA Novosti reported that Novak described the situation on the world oil market as volatile and tense. RBC reported that Novak called the situation tense and said a fuel shortage is being observed. Neither outlet gave figures, quotes or details of any measures.

Why it matters

The remarks are an assessment of conditions on the global oil market by a named Russian figure, carried by a state news agency and a business outlet. The documents provide no figures, no policy measures and no indication of what follows from the assessment, so its consequences cannot be judged from the coverage alone.

Key facts

  • RIA Novosti reported that Novak called the situation on the world oil market volatile and tense. [ 1 ]
  • RBC reported that Novak said the situation on the world oil market is tense. [ 2 ]
  • RBC's summary also said a fuel shortage is being observed. [ 2 ]
  • Neither document states where or when Novak made the remarks, or gives any figures. [ 1 , 2 ]

Confirmed by several sources

  • Novak described the situation on the world oil market as tense. [ 1 , 2 ]

Still unclear

  • A fuel shortage is being observed. RBC's summary mentions the shortage in the same sentence as the world oil market, but the documents do not say where the shortage is, how large it is or who reports it. It appears in only one document.
  • The situation on the world oil market is volatile. Only RIA Novosti's headline uses the word volatile; RBC describes the situation only as tense. The documents give no detail on what the volatility consists of.
  • Where and when Novak made the remarks, and in what capacity. Neither document states the setting, the date or Novak's position; RIA Novosti carries only a headline.

What local media are saying

Official sourcesRIA Novosti, in a headline-only item, reported that Novak described the situation on the world oil market as volatile and tense, with no further detail. [ 1 ]
Business mediaRBC reported that Novak called the situation on the world oil market tense and added that a fuel shortage is being observed. [ 2 ]

Timeline, local time

  1. RIA Novosti publishes its headline report on Novak's assessment of the world oil market. [ 1 ]
  2. RBC publishes its report on the same remarks, adding that a fuel shortage is being observed. [ 2 ]