Moscow [Russia], March 23 (ANI/Sputnik): A rise in global energy prices will be unpredictable if sanctions are imposed against Russia's oil and gas, Russian Deputy Prime Minister Alexander Novak said on Wednesday, noting that the global energy market will collapse without Russian hydrocarbon
New Delhi [India], March 8 (ANI): Ban on imports of Russian petroleum products by the western countries will have catastrophic consequences for the global economy and it will push crude oil price to over $300 per barrel, Russian Deputy Prime Minister Alexander Novak has warned.
Moscow [Russia], December 29 (ANI/Sputnik): World oil consumption is expected to grow by 4.5-5 million barrels per day (bpd) in 2021, and in 2022 it will increase by another 4 million bpd, Russian Deputy Prime Minister Alexander Novak said.