The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
The global oil market is experiencing a deep crisis, with large volumes of oil not reaching the market, Russian Deputy Prime Minister Alexander Novak said.
The volumes of Kazakh oil earlier transported to Germany over the Druzhba oil pipeline will go to other destinations from May 1, Russian Deputy Prime Minister Alexander Novak said.
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ministry to draft a resolution banning gasoline exports from April 1, the Russian government said.
According to Deputy Prime Minister Alexander Novak, the global energy sector is currently experiencing its worst crisis in several decades.
The Russian economy grew 1% in 2025 according to preliminary data, Russia's Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council's Economic Policy Committee.
The OPEC+ nations have noted the high oil market volatility amid the geopolitical tensions stemming from the development around Venezuela and Iran, Russian Deputy Prime Minister Alexander Novak said.
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
Inflation slowed to 0.42% in November, while in October, price growth amounted to 0.5%
Gazprom is discussing gas contracts with its Turkish partners and the possibility of extending them into next year, Russian Deputy Prime Minister Alexander Novak said.
The Russian state nuclear corporation Rosatom is currently preparing tender documents for a nuclear power plant in Saudi Arabia, Russian Deputy Prime Minister Alexander Novak said.
Russia is prepared to offer Saudi Arabia its products and technologies in the field of oil and gas equipment, metallurgy, and a number of other industries, Russian Deputy Prime Minister …
The global oil market remains sensitive to demand-supply fluctuations and OPEC+ nations will take additional measures to maintain its stability, Russian Deputy Prime Minister Alexander Novak said.
Azerbaijan's Deputy Prime Minister Shahin Mustafayev met with Russia's Deputy Chairman Alexander Novak on November 26 in Baku, the Azerbaijani Cabinet of Ministers reported.
Russia sees global oil demand increasing, and in 2025 it is expected to reach 104.6 mln barrels per day, but in 2024, it amounted to roughly 1.3 mln barrels per day, Russian Deputy Prime Minister Alexander Novak said at the 7th Russia-China Energy Business Forum in Beijing.
Russia may initiate development of 22 new oil fields in Tajikistan, following discussions between Russian Deputy Prime Minister Alexander Novak and Tajik Energy Minister Daler Juma.
The share of Russian gas in Europe's energy balance still remains around 19%, despite EU restrictions, Russian Deputy Prime Minister Alexander Novak said at the Russian Energy Week.
A Russian delegation led by Deputy Prime Minister Alexander Novak arrived today in Damascus, SANA reported.
Russian Deputy Prime Minister Alexander Novak supported the proposal of the Russian Ministry of Energy to extend the gasoline export ban for the entire month of September for producers and until the end of October for non-producers, the Cabinet said.
