Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power | Natural Gas | Oil

Novak to continue as acting Russian energy minister despite full government resignation

Commodities | Energy | Electric Power | Oil | Crude Oil | Metals | Non-Ferrous | Steel | Raw Materials | Coronavirus

Market Movers Europe, Oct 19-23: Coronavirus caps oil prices as Libyan production rebounds

Oil

Platts Market Data – Oil

Oil | Crude Oil

The Growing Influence Of US Crude – A Global Perspective Webinar

Natural Gas

Rebound in US gas production unlikely to dampen bullish winter sentiment

Novak to continue as acting Russian energy minister despite full government resignation

Moscow — Russian energy minister Alexander Novak, a key figure in the country's alliance with OPEC, is to resign along with the rest of the Russian government, after an announcement issued by Prime Minister Dmitry Medvedev Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Novak will be expected to continue in his role until a new government is formed, following the surprise announcement, which came during a meeting with President Vladimir Putin and the cabinet, broadcast on state television.

Russia produces more than 11 million b/d of crude oil and is Europe's largest supplier of natural gas. Novak has been a key figure in Moscow's collaboration with OPEC to cut 1.7 million b/d of combined output.

Earlier Wednesday, Putin announced plans for wide-ranging constitutional reforms that would shift some powers away from the president to parliament and the prime minister. Putin's term of office expires in 2024. It is his fourth -- and second consecutive -- term as president. Under the current terms of the constitution, he would not be eligible to run for president again in 2024.

Government sources said that the resignations had not been expected by cabinet members.