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The Latest Breaking News from Alexander Novak

Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year

The Independent UK

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

Bangkok Post

Russia's Novak does not expect new steps from OPEC+ meeting

Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at its meeting in Vienna on June 4, Russian media reported, after the group announced a significant output cut earlier this year.

Reuters

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China's Xi offers Russia 'firm support' in 'core interests'

Beijing (AFP) - Chinese President Xi Jinping offered Beijing's support on Moscow's "core interests" at a meeting with Russian Prime Minister Mikhail Mishustin on Wednesday.

AFP

Russian PM hails China ties in face of 'pressure' from West

Beijing (AFP) - Russia's prime minister on Wednesday hailed "unprecedented" relations with China despite sanctions pressure from the West, as he met with his counterpart in Beijing.

AFP

Russian PM hails China ties in face of 'sensational pressure' from West

Beijing (AFP) - Russia's prime minister hailed "unprecedented" relations with China despite "sensational pressure" from the West on Wednesday, as he met with his counterpart in Beijing.

AFP

China's premier hails close ties in talks with Russian PM

Beijing (AFP) - China's premier on Wednesday hailed the "strategic cooperative partnership" between Beijing and Moscow as he hosted the Russian prime minister, with the two sides expected to sign a number of economic and infrastructure deals.

AFP

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Russian PM in China for talks with Xi, business forum

Shanghai (AFP) - Russia's prime minister on Tuesday hailed economic ties with China during a visit in which he will meet with President Xi Jinping and ink a series of trade deals.

AFP

Russia energy exports to China to grow by 40 percent: deputy PM

Moscow (AFP) - Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western sanctions.

AFP

OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Asharq Al-Awsat

OPEC+ pricing power is ‘higher than it’s ever been’ after oil cuts, Goldman Sachs says

Oil-producing allies approved another oil production cut that could deal damage to the West.

Fortune

Russia-Ukraine war at a glance: what we know on day 399 of the invasion

UN nuclear watchdog chief Rafael Grossi is due to visit Zaporizhzhia nuclear power plant; explosions reported in occupied Melitopol

The Guardian - AU

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

Asharq Al-Awsat

Russia says gas exports sank in 2022 but oil up

Moscow (AFP) - Russia said Monday its gas exports plummeted by 25 percent in 2022 after the Ukraine conflict brought turmoil to Moscow's ties with key buyers in Europe.

AFP

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AFP

Oil rises as Russia cuts output after Western price cap

New York (AFP) - Oil contracts rebounded Friday after Russia announced it would slash its crude output in response to a Western price cap that was imposed on exports after Moscow's invasion of Ukraine.

The Guardian - AU

Russia-Ukraine war: ‘no indication’ of direct military threat to Moldova or Romania, says US – as it happened

Comments from US come after missiles reported in Moldovan and Romanian airspace

AFP

Oil spikes as Russia cuts output after Western price cap

London (AFP) - Oil soared Friday after Russia slashed its crude output in response to a Western price cap that was imposed on exports after Moscow's invasion of Ukraine.

Irish Independent

Russia says it will cut oil production over Western price caps

Russia will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine, deputy prime minister Alexander Novak said, according to multiple Russian news media reports.

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The Independent UK

Russia says it will cut oil production over Western caps

A Russian official says the country will will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine

Reuters

Exclusive-Russia sees sanctions impact on oil products, eyes crude export boost -senior source

Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.

Bloomberg

Putin Responds to Oil-Price Cap With Sales Ban for Participants

The Kremlin banned exports of Russian crude oil and refined products to foreign buyers that adhere to a price cap, but Moscow held back from the most drastic retaliatory measures that could have further disrupted global oil supplies.

France 24

Millions of Ukrainians endure winter without electricity

Ukrainian President Volodymyr Zelensky said on Monday that persisting power shortages throughout the country meant that nearly 9 million people had no electricity. Read our live blog to see how all the day's events unfolded. All times are Paris time (GMT+1).

Asharq Al-Awsat

Russia May Cut Oil Output in Response to Price Caps, Says Deputy PM

Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps on its crude and oil products by halting sales to the countries that support them, Deputy Prime Minister Alexander Novak told state television on Friday. Detailing for the first time the Russian response to…

Radio France Internationale

Russia intends to cut oil output in response to Western price caps

As Russian President Vladimir Putin said he would sign a decree on Russia’s response to Western price caps on oil, Deputy Prime Minister Alexander Novak said output could be cut by 5 to 7 percent in early 2023.

France 24

US approves $45 billion aid package for Ukraine

The Democratic-controlled US House of Representatives gave final approval on Friday to a $45 billion aid package for Ukraine, as President Volodymyr Zelenskiy returned from Washington with the promise of Patriot missiles to help combat Russia's invasion. Read our live blog to see how all the day's events unfolded. All…

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