Home Topics Alexander Novak
Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed yesterday to cut oil production by 1.2 million barrels per day, owing to a record global crude glut and the need to halt the price slump.
The Organisation of the Petroleum Exporting Countries has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices.
Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday.
Russian Energy Minister Alexander Novak has said Moscow will support Iran to counter US oil sanctions.
Oil traded above 85 dollars a barrel on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.
Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.”
Russia intends to fulfill its responsibilities under the deal of the member states of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC countries on the oil output freeze in April.
Oil prices is expected to rise further as the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC talks ended with an agreement to extend the production cut deal through the end of 2018.
Russia and Morocco hope to co-operate more closely in the energy sector, Russian Prime Minister Dmitri Medvedev said on Wednesday during a visit to Rabat.
The All Progressives Congress (APC) says it will engage the Peoples Democratic Party (PDP) on completed projects and pro-people policies it had embarked upon as a government rather than engaging in frivolities.
The All Progressive Party (APC) on Thursday alleged that the Peoples Democratic Party (PDP) is colluding with traditional institutions to canvass for support in Sokoto state.
The first lady, Aisha Buhari, is visiting Akwa Ibom state on Friday to flag off her pet project, called Future Assured.
As Venezuela’s hyperinflation and chronic medicine shortages leave HIV patients with little hope of obtaining antiretroviral drugs, many are now relying on leaves of tropical tree known as guasimo.
Zamfara Government says it has concluded plans to recruit 200 paramedical health workers as part of effort to improve healthcare services in the state.
Coach Kabiru Baleria has said Kano Pillars are gradually taking shape ahead of the new season after the huge disappointment of losing the Aiteo Cup final to Enugu Rangers.
The Court of Appeal in Benin City, Edo State, has granted an appeal seeking to direct the Independent National Electoral Commission (INEC) to include names of Nigerians in various prisons in the country in the voter register.
Ondo State Governor Oluwarotimi Akeredolu has approved the appointment of Interim Management Committee Chairmen for the 18 local government areas of the state.
Absence of counsel to the Economic and Financial Crimes Commission stalls the trial of former Niger Governor Babangida Aliyu
The National Peace and Reconciliation Committee of the All Progressives Congress on Monday appealed to aggrieved aspirants and members of the party in Ekiti and Ondo states to embrace peace.