The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on Friday.
News ID: 8127 Publish Date : 2019/12/27
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
News ID: 7791 Publish Date : 2019/12/06
Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759 Publish Date : 2019/12/03
Russia will raise the issue of excluding condensate from the Opec+ production cut agreement when the group of producer countries meets in Vienna this week, energy minister Alexander Novak said today.
News ID: 7726 Publish Date : 2019/12/03
Iranian Energy Minister Reza Ardakanian said Russia, which has already provided Iran with $2.2 billion of facilities, is going to give another $2.8 billion to fulfill a late-2015 agreement for a $5-billion loan.
News ID: 7673 Publish Date : 2019/11/28
Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude production agreement and the producer group should take a decision closer to April, the Prime news agency reported.
News ID: 7645 Publish Date : 2019/11/30
Visiting Iranian Energy Minister Reza Ardakanian held a bilateral meeting with his Russian counterpart, Alexander Novak , about a $5 billion loan that Moscow plans to give Tehran to implement infrastructure projects in the Islamic Republic.
News ID: 7538 Publish Date : 2019/11/22
Iranian Energy Minister Reza Ardakanian said he would travel to Moscow to hold talks with senior Russian officials about a $5 billion loan from the country.
News ID: 7494 Publish Date : 2019/11/20
Tehran and Moscow are determined to increase economic ties in all areas of trade, business and investment, as Russian Energy Minister Alexander Novak told his Iranian counterpart Reza Ardakanian that bilateral trade has boosted by 25.8%.
News ID: 7333 Publish Date : 2019/11/08
Russian Energy Minister Alexander Novak said on Monday there were no talks underway to change the global output deal under which OPEC and non-OPEC oil-producing countries have curbed output in order to support prices.
News ID: 6649 Publish Date : 2019/10/14
International cooperation on crude production has helped stabilize oil markets and is more important now than ever, Russian Energy Minister Alexander Novak said Monday.
News ID: 4898 Publish Date : 2019/06/25
The global oil market is “unstable and fragile”. Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
News ID: 4843 Publish Date : 2019/06/19
Opec and its non-Opec partners still have plenty of work to do to rebalance global oil markets, and may need to extend their production restraint agreement to the end of 2019, UAE oil minister Suhail al-Mazrouei says.
News ID: 4139 Publish Date : 2019/03/24
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
News ID: 3570 Publish Date : 2019/02/06
Iranian Energy Minister Reza Ardekanian and his Russian counterpart Alexander Novak , in a telephone conversation, discussed ways to further bolster relations between Tehran and Moscow, and exchanged views on upcoming meeting of the two countries’ joint cooperation commission.
News ID: 3435 Publish Date : 2019/01/26
Russia’s government approved on Thursday a ten-year modernization program for Russian power plants, expected to attract $28.8 billion in private investments in the sector, Energy Minister Alexander Novak said.
News ID: 3425 Publish Date : 2019/01/26
Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.
News ID: 3085 Publish Date : 2018/12/27
OPEC and its allies have formalized their production quotas under their new supply deal, with Saudi Arabia, the world's largest crude exporter, committing to a 322,000 bpd cut from its October level.
News ID: 3058 Publish Date : 2018/12/24
Russian energy minister Alexander Novak expects his country's crude oil output in 2019 to be around 555-556 million tons (11.145-11.165 million barrel per day) but said this figure could be revised downwards due to OPEC+ agreements to cut production.
News ID: 3002 Publish Date : 2018/12/20
OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but Russian oil producers are ready to adjust their production accordingly, energy minister Alexander Novak said.
News ID: 2786 Publish Date : 2018/12/02