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

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)