Tag Archives: Alexander Novak

Energy ministers of Russia and Saudi Arabia discussed prospects of cooperation between both countries.

Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.

The next meeting for the monitoring committee. with Saudi Arabia and Russia as co-chairs. is January 21 in Oman.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

Russia implemented its pledged 300.000 barrel-a-day supply cut gradually.

The Russian minister sees next year as «a year of balance».

The largest independent LNG company in Russia is Novatek.

Iran and Russia cooperation in the oil field is based on a deal signed between the two sides in 2014.

Russia has been pushing for a timely exit from the cuts to make sure the market doesn’t overheat.

Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.