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Novak: on Ukraine, “the Turkish stream” and the oil

Russia is open to proposals for oil and coherence with other producers, said Russian energy Minister Alexander Novak. “We maintain the position that our door is always open, in terms of issues relating to monitoring, coordination of action, because the situation in the markets is still difficult. And over the …

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Novak predicted balancing the oil market by 2017

The balance of supply and demand in the oil market is delayed, it will occur approximately in the middle of next year. On Friday, July 29, Minister of energy of Russia Alexander Novak, reports TASS. “The last negotiations [oil producing countries] was in April, today we have not discussed these …

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Novak: oil sales through a stock exchange needs to be voluntary

Selling oil through a stock exchange needs to be voluntary, at the moment there is a study of the legal framework of this procedure. As the correspondent “of Rosbalt”, about it in the framework of St. Petersburg international economic forum, told reporters Russian energy Minister Alexander Novak. “Now the issue …

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Novak explained why Russia cuts oil supplies to Belarus

Russia reduces oil supplies to Belarus in connection with the debt for Russian gas. As the correspondent “of Rosbalt”, about it today at the St. Petersburg international economic forum, told journalists the head of Ministry of energy of Russia Alexander Novak. “We proceed from the fact that the graphs for …

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Novak predicted the market recovery of oil by the end of 2017

The balance of supply and demand in the oil market will only be achieved by the end of 2017. As reported on Sunday, may 29, TASS, this forecast was made by Russian energy Minister Alexander Novak, speaking at the forum “doing Finance”. According to him, the market recovery has already …

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