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Novak: Global oil deficit seen at 1 MMbpd

Global oil deficit is currently seen at around 1 million barrels per day, Russia's deputy prime minister Alexander Novak told reporters.

He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+, should take into account possible increase in oil production by Iran when considering its further steps. (Reporting by Olesya Astakhova Writing by Katya Golubkova, editing by Louise Heavens)

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