Russian Energy Minister Alexander Novak said on Sunday he hoped that the group of leading oil producers will fully agree and sign a deal to cut the global crude output in the coming days, Russian state-run RIA news agency reported.
Novak also said that it will take at least by the end of this year for the market situation to improve, RIA reported.
The Organization of Petroleum Exporting Countries (OPEC), Russia and other allies, a group known as OPEC+, outlined plans on Thursday to cut output by more than a fifth in an effort to prop up prices hammered by the coronavirus crisis.
(Reporting by Vladimir Soldatkin; Writing by Andrey Ostroukh; Editing by Alison Williams)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 87.81 USD | -0.26% | +0.97% | - | ||
| 36.99 USD | -0.08% | +0.22% | 2.41B | ||
Alexander Valentinovich Novak is the Deputy Prime Minister of Russia. Presently, he is Chairman at Transneft PJSC and Chairman of ROSSETI PJSC. Mr. Novak is also on the board of 5 other companies. In his past career he occupied the position of Deputy Governor at Province of Krasnoyarsk and Deputy Director-Personnel & Head-Polar Division at Norilsk Mining & Metallurgical Combine Named After Zavenyagin. He received an undergraduate degree from Norilsk State Industrial Institute and an undergraduate degree from Moscow State University Lomonosov.
View full profile| Linked companies | |
|---|---|
| TRANSNEFT | Chairman |
