Tag Archives: Alexander Novak

Novak: Russian Oil will always have Buyers

Russian oil has always been in demand in the world market and will always have buyers, given the growth in the economy and limited supply, Deputy Prime Minister Alexander Novak said. “Global consumption and economic growth needs energy. There is not much oil in the world, and Russian oil has …

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Russia Warns of $500-A-Barrel Oil

Oil prices will jump to $300 a barrel if the West abandons Russian oil, the country’s Deputy Prime Minister and former Energy Minister Alexander Novak said on Monday, adding that “some see it possibly reaching $500 a barrel”. The warning comes as the EU plans to discuss placing an embargo …

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