Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
Russian envoy says enacting nuke ban treaty will lay basis for stable strategic tiesRussian Politics & Diplomacy April 26, 18:13
NAGATO, December 15. /TASS/. Russia’s Energy Minister Alexander Novak sees no threat from a possible shale oil production growth. In an interview with reporters, he did not agree with the fact that it can neutralize the efforts of OPEC to reduce oil production to stabilize the market.
"We do not have to fear that shale oil will start a competition," Novak said. "We understand that the demand for oil production will continue to grow steadily in the medium and long term, and in order to cover this demand, only to production from conventional fields is needed, but also production on complex fields such as production of shale oil," Novak said.
According to Novak, "from the point of view of supply and demand balance in the medium term we do not see anything that could be a problem."