Alexander Novak News

03.07 / 20:35

UPS Manufacturing Fighting Oil ends down; Saudi, Russia cuts campaign drowned by factory slump

Investing.com — Right on cue, the Saudis came out to say their million-barrel cut for July will be extended to August and possibly September — maybe even infinitely. The Russians talked up their cuts too. But the announcements coincided with particularly bad global factory activity, sending crude prices lower.

03.07 / 13:31

UPS Target Oil rallies on Saudi and Russian supply cuts for August

Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news agency said. Russia, seeking to nudge up global oil prices in concert with Saudi Arabia, will reduce its oil exports by 500,000 bpd in August, Deputy Prime Minister Alexander Novak said on Monday, further tightening global supplies. The cuts amount to 1.5% of global supply and bring the total pledged by OPEC+ oil producers to 5.16 million bpd.

16.09 / 00:31

Health Climate change Power Moscow says Power of Siberia 2 pipeline to China will 'replace' Nord Stream 2

Moscow has announced that Nord Stream 2 will be "replaced" by an alternative gas pipeline to China.

03.09 / 00:09

Energy Europe's energy crisis Energy Price Ukraine war: Strike on Russian base, energy price caps and B52 bombers

Ukraine said on Friday it had struck a Russian base in Energodar, the city where the Zaporizhzhia nuclear power plant, which is occupied by Russian troops, is located.

23.03 / 21:03

cryptocurrency Tax Bitcoin Time Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank

The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future.

16.12 / 22:01

cryptocurrency Energy Bitcoin lawmakers Crypto miners Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our Industry’

Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.

30.11 / 12:15

cryptocurrency regulation Russian Governor Who Slated Miners in October Now Plans to Welcome Them

The Governor of a Russian province who just weeks ago was blasting crypto miners has now offered to help them set up shop in the region and provide support for people mining tokens.

facts about Alexander Novak

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