Russian Energy Ministry

 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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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 …

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 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. …

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 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 …

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 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. …

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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 …

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Moscow and Riyadh may not extend oil output cut deal

Russia and Saudi Arabia believes that the oil output cut deal would be extended unless the market became balanced, Russian Energy Minister Alexander Novak said. The energy ministers of OPEC and non-OPEC countries agree …

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Russia and Saudi Arabia to set up joint energy fund

Russia and Saudi Arabia will set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said. He noted that the fund, which will be finalised during this week’s visit by …

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Novak to visit Saudi Arabia in early November

Russia's Energy Minister, Alexander Novak, intends to pay a visit to Saudi Arabia in a month, a source in the department said. "Russian Energy Minister Alexander Novak plans to visit Saudi Arabia in early …

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 86th Izmir International Fair opened

Ankara is a "crucial" trade partner for Moscow, Russian Energy Minister Alexander Novak said at opening day of the 86th Izmir International Fair, in Izmir, Turkey. "Multi-dimensional cooperation of our …

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