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World oil prices

Russia ulikely to participate in OPEC summit on June 2 — energy minister

Earlier, Alexander Novak said the talks on crude production freeze between oil-producing nations are not under way now, though Russia is ready to get back to the discussion

© AP Photo/Hasan Sarbakhshian

MOSCOW, May 13. /TASS/. Russia will most likely not participate in the OPEC summit on June 2 in Vienna, the country’s Energy Minister Alexander Novak said Friday.

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Russia ready to get back to discussion on crude production freeze — energy minister

"We have never taken part in OPEC meetings so we are unlikely to participate this time either," he said.

Novak also said that Russia intends to maintain contacts with the new energy minister of Saudi Arabia (Khalid Al-Falih - TASS). Particularly, a meeting is planned within the framework of the intergovernmental commission, he added.

"We will meet in any case. I am head of the intergovernmental commission, which will organize another meeting this year. Also, we have a working group format on energy at the commission that will keep working and those contacts will continue," he said.

Earlier Novak said the talks on crude production freeze between oil-producing nations are not under way now, though Russia is ready to get back to the discussion.

On April 17, representatives of 18 oil-producing countries met in Doha (Qatar). Iran refused to discuss the oil production freeze saying it was unwilling to "give up its historic production quota." The participants of the talks failed to reach an agreement on oil production cap. After 12 hours of talks the parties said they needed some more time for consideration. According to Novak, the oil output freeze agreement was not reached as several countries changed their positions. The Energy Minister also said Russia did not expect new initiatives on stabilization of crude oil output before the OPEC summit in June this year.

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Oil & Gas Oil price OPEC

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US military aid for Kiev cannot stop Russian army’s advance — North Korean diplomat

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Russian deputy defense minister detained on suspicion of bribe-taking

"Russian Deputy Defense Minister Timur Vladimirovich Ivanov was detained on suspicion of committing a crime under part 6, article 290 of the Russian Criminal Code," the Russian Investigative Committee said

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Russia presents world’s first hydrogen-fueled luxury car at Innoprom exhibition

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Kiev may use ATACMS missiles to hit Crimean Bridge — Russian defense ministry official

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Russia to retaliate immediately if Kiev gets ATACMS missiles — diplomat

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Russia’s new Supreme Court chief justice doesn’t plan drastic changes

Irina Podnosova said courts have been receiving an increasing number of complaints, attributing it to the rising trust that people have to the judicial system

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Ukraine could send special forces to capture Zaporozhye NPP — politician

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Russia maintains position on 'buffer zone' in Ukraine to counter missile threats

Dmitry Peskov added that the issue of fighting against long-range weapons being supplied to Ukraine and potential strikes on the areas where they are concentrated "is rather under the purview of <…> the armed forces"

Gagauzia against Chisinau’s policy of severing ties with Russia

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Ukraine’s EU accession to require 20% increase in union’s budget — European Commissioner

Johannes Hahn made it plain that he does not expect Ukraine to join the EU any time soon, noting that entry before 2028, when the next seven-year budget plan kicks in, is "unrealistic"

Ukraine turns into testing ground for future world order, says Belarus president

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Ukrainian army short about 150,000-200,000 troops, says Polish general

Waldemar Skrzypczak also said it was "a matter of hours" until Kiev received the weapons allocated by the US as part of its latest military aid package

Over 330 bodies recovered from mass grave at hospital in Khan Yunis — TV

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US will have to take Russia into account and find common ground with it — Putin

Russian President said in an interview with Rossiya-1 TV channel journalist Pavel Zarubin

Top Russian security official meets with counterparts at international security meeting

Nikolay Patrushev met with the heads of delegations from BRICS states

Continued threats to Pyongyang to put US, allies in danger, Kim Jong Un’s sister warns

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Agreements on security with Iran, Myanmar, Ethiopia to come into force in 2024 — MFA

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IAEA chief to have working contacts with Rosatom, no meeting with Putin is planned

Rafael Grossi may visit Russia in late May

Post-Soviet security bloc holds arms control consultations in Moscow

The participants in the consultations "stressed the importance of stepping up efforts to prevent further erosion of the relevant international legal framework"

Niger would like Russia to train its troops — interior minister says

Mohamed Toumba noted that the training of troops could help in the fight against terrorism

Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

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13 violations by US-led international coalition’s aircraft recorded in Syria

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Russians not let to Turkish Airlines flights to Mexico due to US pressure on it — diplomat

Sergey Ryabkov noted that such problems exist for Russians using Turkish Airlines flights to other Latin American countries

Ukraine exhausted, needs constant money flow from outside — defense official

Apty Alaudinov added that if the Ukrainian army received long-range weapons, it might try to attack Russia's civilian infrastructure due to its powerlessness on the front

White House alleges that Russia working on satellite carrying nuclear device

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Putin stays in daily contact with Sergey Shoigu, Kremlin spokesman says

Timur Ivanov was arrested by Moscow’s Basmanny Court

US arms supplies unable to change situation in Kiev's favor — Kremlin

Dmitry Peskov pointed out that a year ago the opponents "were telling everyone that they were waiting for the moment Russia would be defeated on the battlefield"

Kremlin vows to resolve situation with Turkish Airlines refusing service to Russians

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Nearly 70 Israeli hostages killed in Gaza, Hamas says

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Apty Alaudinov posted a drone video footage of elimination Ukrainian personnel and Russian forces capturing enemy trenches

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The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

Top US diplomat Blinken arrives in Shanghai

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Houthis attack two commercial ships, US destroyer — statement

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