Alexander Novak

OPEC+ Monitoring Committee holds meeting in Jeddah

The 8th meeting of the Joint Ministerial Monitoring Committee (JMMC) has started in Jeddah, Saudi Arabia, where OPEC and non-OPEC oil ministers will discuss the oil production cut deal. OPEC and its allies achieved 149 percent of …

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OPEC+ ministers to meet in Jeddah

OPEC and non-OPEC oil ministers will meet in Jeddah, Saudi Arabia today to discuss their oil production cut deal.  The Joint Ministerial Monitoring Committee (JMMC) will make a recommendation to OPEC about whether or not the …

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Russia freezes gas production

Russia does not plan to increase gas production in 2018, freezing it at the level of 2017, Russian Minister of Energy Alexander Novak said, adding that everything will depend on the weather conditions. "As for …

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Russia not to join OPEC, but...

Russia’s Energy Minister Alexander Novak said that Russia and OPEC may assume joint efforts on balancing the oil market after completion of the crude production cut deal (OPEC+).

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 Novak: oil demand to be high this year

Russia's Energy Ministry does not expect a decline in world oil demand this spring, the head of the ministry Alexander Novak said. Analysts pointed out that the decline in oil prices in the second half of February …

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Will Novak to decide fate of OPEC deal?

Russia’s oil industry will continue to monitor implementation of a global OPEC+ deal on cutting oil production, and Energy Minister Alexander Novak will take a final decision independently, Lukoil CEO Vagit Alekperov said. …

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Moscow and Damascus ink energy cooperation agreement

Russian Energy Minister Alexander Novak and Syrian Electricity Minister Mohammad Zuhair Kharboutli signed a 'road map' agreement for cooperation in the energy sector, the Russian Energy Ministry said in a statement posted …

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US sanctions help Russia?

Russian Energy Minister Alexander Novak, commenting on the new US sanctions against Russian citizens and companies, stressed that they are not only harmless to Russian industry but also help its development and growth.   …

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Why we should not be afraid of shale oil

The increasing shale oil output does not compensate for the general increase in global demand for "black gold", Russian Energy Minister Alexander Novak said at the economic forum in Davos, …

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 OPEC+ monitoring committee to meet in Oman on January 21

Ministers from leading OPEC and non-OPEC producers will discuss the possibility of a smooth exit from a global deal to cut oil output at a ministerial monitoring committee meeting in Oman, which is scheduled for January 21, Russian Energy …

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