Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Age : 48
Country of residence : Unknown
Biography : Alexander Valentinovich Novak is the Minister of Energy of Russia. Currently, he is Chairman for ROS

Russia has no plans to raise oil production - Novak

share with twitter share with LinkedIn share with facebook
share via e-mail
04/02/2020 | 05:19am EDT
Russian Energy Minister Novak arrives at the OPEC headquarters in Vienna

Russia has no plans to increase its oil output as the market has been oversupplied, Russian Energy Minister Alexander Novak told Reuters on Thursday.

International crude prices have fallen around 50% to under $26 a barrel since the Organization of the Petroleum Exporting Countries and other large oil producers led by Russia failed last month to agree to extend their deal to curb output.

However, they jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach an agreement soon to end their oil price war. [O/R]

Novak said Russia has not yet discussed the oil market situation with Saudi Arabia, but does not rule this out.

(Reporting by Vladimir Soldatkin; Editing by Jan Harvey)

share with twitter share with LinkedIn share with facebook
share via e-mail
1  2  3  4  5  6  7  8  9  10Next