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Russian Energy Minister Novak speaks to journalists following news conference at Russia-ASEAN summit in Sochi. Reuters
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In a file picture taken on February 28, 2012 a motorist fills up at the gas pump in a gas station of the French northern city of Lille. AFP
Oil Markets Undergo Mass Movements, Prices Inch USD50 per Barrel
Cairo- Oil markets’ trading underwent uninterrupted movements on spot and futures contracts. Aside from the trading session, movements were mass prior to the scheduled meeting in Algeria among Organization of the Petroleum Exporting Countries (OPEC) and Russia on the...Caption:
Russian Energy Minister Alexander Novak applauds during a session of the ministry’s board in Moscow, Russia, April 8, 2016. REUTERS/Maxim Shemetov – RTSE50E
Russian Energy Minister: Cooperation with Riyadh to Stabilize World Oil Market
Moscow – Russia’s Energy Minister Alexander Novak said his country was cooperating with Saudi Arabia to achieve of international oil market stability. He added that the ongoing dialogue between Moscow and Riyadh was witnessing concrete progress in this regard and...Caption:
The meeting will include major oil producers who will be urged to freeze their oil output to support the market stability
Oil Producers Return to Doha in April to Freeze Oil Output
Khobar- Since the four OPEC members, Saudi Arabia, Venezuela, Russia and Qatar have met last month in Doha, everybody has been waiting to know the setting of the next meeting that will include major oil producers, in a step urging them to freeze their oil output to...Caption:
Nigerian Petroleum Minister’s Declarations Cause Confusions for OPEC Members