Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
Combat module containing neural networks may become series in Russia in 2018 — designerMilitary & Defense August 19, 10:44
Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
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.