oil prices

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Novak announces possible recovery of oil production

The recovery of oil production in the framework of the OPEC + alliance after June is possible if there is unmet demand on the market, Russian Minister of Energy Alexander Novak told journalists on the sidelines of the International Arctic Forum …

Brent oil price exceeds $68 first since November

The cost of the futures contracts of Brent crude oil for May 2019 delivery gained 0.71% amounting to $68.03 per barrel on London's ICE as of 11:10 a.m. Moscow time today, according to the trading data. The cost of Brent crude oil …

Novak: too early to say if OPEC+ deal to be extended

Russia’s energy minister Alexander Novak said that it was too early to say if the global deal to cut oil production between the Organization of the Petroleum Exporting Countries (OPEC) and other large oil producers would be …