The Latest Breaking News from Alexander Novak

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…

Asharq Al-Awsat · Dec 23, 2022

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.

Radio France Internationale · Dec 23, 2022

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…

France 24 · Dec 23, 2022

The White House accuses Saudi Arabia of aiding Russia and coercing OPEC oil producers

A major oil output cut by Saudi Arabia, Russia and other oil producers has drawn sharp accusations in Washington.

WEKU · Oct 13, 2022

Russia's Novak says Moscow ready to begin investigation of Nord Stream incidents

Russian Deputy Prime Minister Alexander Novak said on Wednesday that Russia is ready to begin an investigation of the recent incidents on the Nord Stream pipelines.

Reuters · Oct 12, 2022

OPEC+ cuts oil production by 2m barrels a day despite US pressure

US expresses disappointment in move that could spur an increase in oil prices, which had dropped in recent months.

Al Jazeera · Oct 5, 2022

OPEC+ to consider output cut of more than 1 million barrels

The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years.

Tribune News Service · Oct 2, 2022

Russian Deputy PM says it's possible to restore Nord Stream pipelines - TASS

Russian Deputy Prime Minister Alexander Novak said on Sunday that it was technically possible to restore ruptured offshore infrastructure of Nord Streams pipelines, TASS news agency reported.

Reuters · Oct 2, 2022

Kremlin blames Europe for Nord Stream 1 halt, saying sanctions hamper maintenance

The Kremlin blamed European politicians on Sunday for keeping shut the Nord Stream 1, one of its main gas supply routes, saying their economic sanctions on Russia had hindered Gazprom's maintenance of the pipeline.

Reuters · Sep 5, 2022

G7 Finance Chiefs Agree on Russian Oil Price Cap but Level Not Yet Set

Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow's war in Ukraine while avoiding price spikes, but Russia said it would halt oil sales to countries imposing it. The ministers from the G7 wealthy democracies confirmed their…

Asharq Al-Awsat · Sep 2, 2022