Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
VLADIVOSTOK, September 3. /TASS/. The global crude market is still unbalanced, Russia’s Energy Minister Alexander Novak said Saturday, adding that the proposal to freeze oil output may be on the agenda of the forum in Algeria.
"We’re sticking to the view that we always have the doors open from the viewpoint of monitoring the situation (on the oil market). The market situation is still challenging… given the drop in prices the market has not got back to balance yet. That’s why I think that we will be able to discuss the current situation with our colleagues at the ministerial meeting in Algeria, which will be held on the sidelines of the international energy forum, particularly the discussion within the meeting may focus on the situation on the whole and on various proposals, including ‘freezing’," he said.
The International Energy Forum will be held on September 26-28 in Algeria, where the countries - exporters of oil are going to negotiate freezing of oil production. Venezuela, Ecuador and Kuwait are initiators of the discussion. Ministers of Saudi Arabia, Iraq and Iran have already confirmed their participation in private talks.
Russia's crude export growth outlook
Russia’s Energy Ministry is keeping its crude export growth outlook for this year at the level of 3.3%, Minister Alexander Novak told TASS Saturday, adding that growth is also expected for 2017.
"We haven’t changed (the forecast - TASS). In 2017, there will be fractional growth (of export)," he said.
Earlier Novak said that Russia’s crude export would reach 252 mln tonnes in 2016, a 3.3% increase compared with 2015.
According to First Deputy Energy Minister Aleksey Texler, oil export from Russia will be rising in 2015-2018 by 2-3 mln tonnes each year due to falling refinery volumes.