Tag Archives: Alexander Novak

The group unveiled a new set of supply curbs just over a month ago.

OPEC wants to extend current oil output cuts until at least June from March.

OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.

OPEC welcomes the reappointment of Alexander Novak as Russia’s Energy Minister as part of the new government.

OPEC. Russia and nine other countries are entering their fourth year of production cuts aimed at supporting oil prices.

The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.

Nord Stream 2 is the latest project in Putin’s plan for energy and geopolitical dominance in the world.

Russia has criticized US sanctions.

Russia agreed to expand its 228.000 bpd in cuts by an additional 70.000 bpd for a total of about 300.000 bpd.

OPEC+ will meet in early March to discuss options for future cooperation on supply.