EU likely to declare US anti-Russian sanctions invalid within union - Russia’s EU envoyRussian Politics & Diplomacy July 27, 3:41
Russian PM calls situation around Saakashvili's citizenship a weird tragicomedyRussian Politics & Diplomacy July 27, 3:36
Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
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."