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Russia ready to extend Opec deal, says minister

The international deal between Opec and other countries to cut oil output could be extended beyond March 2018 if needed, said a report citing Russian Energy Minister Alexander Novak. Novak's comments came after his meeting wit

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Saudi Arabia investing $1bn in Russia projects

Saudi Arabia is investing $1 billion in the construction of a petrochemical complex, Pulkovo Airport and 20 more Russian projects, Russian Energy Minister and co-chairman of the Russian-Saudi Intergovernmental Commission Alexander Novak said.

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Saudi Arabia investing $1bn in Russia projects

Saudi Arabia is investing $1 billion in the construction of a petrochemical complex, Pulkovo Airport and 20 more Russian projects, Russian Energy Minister and co-chairman of the Russian-Saudi Intergovernmental Commission Alexander Novak said.

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Saudi Arabia, Russia sign oil pact; could limit output

Saudi Arabia and Russia signed a deal to seek cooperation in the oil market, including on limiting output, sending oil prices sharply higher on hopes the two top producers would work together to tackle a global glut.  

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Oil market talks with Saudi under way: Russia

Russia, the world's top oil producer, is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said, adding that the door is still open for more discussions on freezing output level

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Russia's Novak may miss meeting with Saudi's Falih at G20

Russian Energy Minister Alexander Novak may miss the G20 energy ministers meeting in China scheduled for June 28-30 where he was to have met new Saudi Energy Minister Khalid Al Falih for the first time, three sources familiar with the matter s

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Russian minister may meet Al Naimi before Doha event

Russian Energy Minister Alexander Novak said on Monday that he may meet his Saudi Arabian counterpart Ali Al-Naimi before a planned oil producers' meeting in Doha on April 17. Saudi Arabia, the world's top oil exporter, wi

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Russia, Saudi energy ministers discussed oil demand, production, shale

Russia and Saudi Arabia discussed the situation on the oil market last week and agreed to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak told reporters.  

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