Alexander Novak

 OPEC+ Committee to meet in Russia for first time

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will hold a meeting in St. Petersburg today to track the implementation of the Vienna deal on oil output cuts. The event is set to give recommendations to the 24 major oil …

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Russia and OPEC to discuss oil in Istanbul

Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo and Russian Energy Minister Alexander Novak will hold talks at the 22nd World Petroleum Congress (WPC) in …

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Novak: exit from OPEC deal should be smooth

Russian Energy Minister Alexander Novak said a global pact by OPEC, Russia and other producers to cut oil output had dampened price volatility and was reducing bloated inventories, so no immediate extra measures were needed to …

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Novak: oil prices to rise in second half of year

Russian Energy Minister Alexander Novak believes that the demand in the oil market will grow in the third quarter of this year. Now, according to him, price balancing is taking place. "In my opinion, …

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Russia says Kazakhstan committed to oil output deal

The energy ministers of Russia, Saudi Arabia and Kazakhstan did not discuss any adjustments to output levels Kazakhstan agreed to as part of a global oil output deal, Russian Energy Minister Alexander Novak was quoted as saying …

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 Russia proposes to form super-OPEC

Russia proposed to work out new principles jointly with OPEC and non-OPEC nations to continue cooperation even after the current oil output cut deal expires, Russian Energy Minister Alexander Novak said. "It is …

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 Russian-Iranian oil deal finalized

The oil-for-food deal between  Russia and Iran is done, Iran’s petroleum minister Bijan Namdar Zanganeh said, adding that Iran expects supplies from Russia. "The deal is finalized and being carried out …

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