Alexander Novak

Vladimir Putin dismisses three ministers

Russian President Vladimir Putin dismissed Construction Minister Vladimir Yakushev and appointed him as Presidential Plenipotentiary in the Urals Federal District. Russia's Transport Minister Yevgeny Dietrich and Environment …

Read
Russian LNG gets a climate change boost

Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut that has depressed LNG prices globally and the damage to demand done by the pandemic.

Read
Novak calls for strict OPEC+ deal compliance

The Organization of Petroleum Exporting Countries and allies including Russia - a group known as OPEC+ - should stick to full compliance of a deal to cut global oil production, Russian Energy Minister Alexander Novak said. In his …

Read
Russia's Novak says oil market is stable

Russian Energy Minister Alexander Novak said that the global oil market is now balanced and stable following a sudden decline in demand due to the coronavirus pandemic. Speaking after a meeting of the OPEC+ group’s Joint …

Read
Novak: oil market may become balanced in June or July

The global oil market may become balanced at the end of June or in early July, Russian Energy Minister Alexander Novak said in an interview to Rossiya 24 television channel broadcast following a meeting of the OPEC+ Joint Ministerial Monitoring …

Read
Russia expects global oil market shortage in July

Russian Energy Minister Alexander Novak said that the global oil market could face a shortage of 3-5 million barrels per day (bpd) in July, depending on a deal to be reached by OPEC+ producers. According to the Russian minister, …

Read
Novak says OPEC+ may take additional measures if needed

Russian Energy Minister Alexander Novak said on Friday that the group of global oil producers known as OPEC+ may take additional measures on oil markets if necessary, Reuters reports. He was talking to Russian state TV Rossiya-24 after …

Read

Populars