Alexander Novak

Novak says who wants to extend OPEC-led deal

Almost all OPEC+ countries support an extension of oil cuts, Russia's Energy Minister Alexander Novak said The minister said in a television interview posted on the energy ministry’s website that …

 Russian Energy Ministry gives oil price forecast

The Russian Energy Ministry still expects oil prices to stay in a range of $50-60 per barrel in 2018, the country's energy minister Alexander Novak said on the sidelines of the summit of the Gas Exporting Countries Forum. …

 Novak: world’s demand for oil to rise

Russia's Energy Minister Alexander Novak said that world’s demand for oil will rise by up to 1% per year in the next 15–20 years.  "I think that the oil consumption will grow in the next couple …

 Russia ready to raise oil output

Russia is ready to increase its oil output by 3.5-4.0 million tonnes in 2018 if a global deal between OPEC and non-OPEC producers to reduce production is not extended, the country's Energy Minister Alexander Novak said. …

Novak predicts increase in oil consumption

International oil consumption will increase by 1.5–1.6 million barrels per day in 2017, Russian Energy Minister Alexander Novak said, speaking at a Russia Calling investment forum. "The key factor for …

Day of return of Turkish tomatoes to Russia revealed

Russia and Turkey have agreed to allow exports of 50,000 Turkish tomatoes to Russia from December 1, Russia's Energy Minister Alexander Novak, who co-chairs a Russian-Turkish government commission on economic cooperation, …