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Russia’s Energy Minister hopes to bridge the gap between oil producers in OPEC

Earlier Alexander Novak told TASS that there were chances that oil exporters would agree on oil production freeze

© AP Photo/Hasan Jamali

MOSCOW, September 9. /TASS/. Russia’s Energy Ministry hopes all differences inside OPEC will be bridged, and a compromise will be found regarding the crude production issue, the Ministry reported following the meeting of energy ministers of Russia and Algeria on Friday.

"In April this year a decision was made that the cartel’s member-states would agree on coordination of action on the global oil market. Currently, if OPEC comes to a consensus we’re ready to join the consideration of particular proposals on crude production freeze. We hope that the differences inside OPEC will be overcome in the nearest future and a compromise will be reached," Russia’s Energy Minister Alexander Novak was quoted as saying.

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The meeting between energy ministers of Russia and Algeria particularly focused on the situation on the global oil market.

"We haven’t reached a balance yet as we’re facing a huge supply regarding demand and relatively low prices, which prevents producers from investing in new projects. The international energy forum that will take place in Algeria and the 15th ministerial meeting planned to be held as part of it, is a great opportunity for both OPEC members and non-OPEC countries, to meet and discuss the current situation," Novak said.

The issue of potential freezing of global crude production was revived following the announcement of Russian President Vladimir Putin on September 2 about his supporting the agreement with OPEC on production growth restraint. He also expressed hope that other crude producers would support the initiative.

Earlier Novak told TASS that there are chances that oil exporters would agree on oil production freeze, but they are not 100%.

The International Energy Forum will be held on September 26-28 in Algeria, where the countries - exporters of oil are going to negotiate the potential oil production freeze. Venezuela, Ecuador and Kuwait are initiators of the discussion. Ministers of Saudi Arabia, Iraq and Iran have already confirmed their participation in private talks.

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Oil & Gas Algeria Alexander Novak OPEC

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Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

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The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

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Russia entitled to use weapons against military sites of states attacking it — Duma

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Russia encircles largest Ukrainian fortification in southern DPR — security services

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Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

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US, European officials suggest returning nukes to Ukraine — NYT

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Zelensky begs ‘for his country to be flattened’ — US journalist

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Putin’s remarks on hypersonic missiles send serious warning to West — Turkish politician

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Kiev suffering fiasco on entire front line — aide to DPR head

Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

Belarusian president believes humanity is on the brink of World War III

Alexander Lukashenko also emphasized that a real information war has been underway for a long time

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Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

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Western countries should 'be afraid, tremble' after Putin's statement — lawmaker

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Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

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West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

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Russia hit Ukrainian military-industrial facility in response to use of Western missiles

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Russian forces cut off key Ukrainian supply route in Velikaya Novoselka, DPR

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US Congressman urges to impeach Biden for allowing strikes deep into Russia

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Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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US admiral says Washington should be ready for talks with Russia, China

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

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Russian forces successfully advancing in all areas in special military op zone — Putin

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Oreshnik test aims to persuade West to avoid escalation in Ukraine — media

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Pentagon sees possibility of sending more antipersonnel landmines to Ukraine

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North Korean leader warns of growing risk of nuclear war — KCNA

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Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

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NATO enters conflict, Russia has every right to attack its targets now — expert

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

Russian-EU relations to remain unchanged after departure of Russian envoy — diplomat

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Russia uses aerial bombs to destroy Ukrainian positions near DPR’s Konstantinovka — source

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Washington has no plans of updating nuclear posture after Russia’s test of new missile

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US journalist calls US President Joe Biden’s government 'the fascist state'

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Bulgarian politician sees Oreshnik missile strike as wake-up call for peace

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German chancellor reiterates decision not to send Taurus missiles to Ukraine

Olaf Scholz stated that only the Social Democratic Party of Germany could maintain a balance between caution and clear support for Ukraine

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

It is reported that the conflict in Ukraine, provoked by the West, has acquired elements of global nature

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

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Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

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Captives, Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population

Signal to West and 'red card': experts weigh in on Putin’s missile launch statements

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Nuclear escalation of Ukraine conflict unlikely, says ex-French envoy

"In my opinion, as long as Russia has an advantage on the battlefield, and at this point it does, the risk of nuclear escalation is low," Jean de Gliniasty poited out

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

According to it, the 1,000-page "Operation Germany" plan lists all infrastructure facilities that deserve special protection, and also contains a procedure for defense or "measures to deter Russia on NATO’s eastern flank"

Eliminating best enemy units: Defense Minister visits special op area

Andrey Belousov stressed that Russian troops have accelerated their advance in the special military operation zone and have effectively disrupted Kiev's 2025 military campaign

Zelensky fine with conflict continuing due to Western help — Slovak PM

Robert Fico pointed out that "more and more evidence show that the West seeks to prolong the war in Ukraine for various reasons"

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

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Russia interested in security of Baltic undersea infrastructure — embassy in Denmark

"It is important to ensure a thorough investigation and clarify the reasons why underwater cables in the Baltic Sea are now out of order," embassy said