When Saudi Arabian oil installations sustained major attacks last month, Russia’s energy minister, Alexander Novak, was ready to ramp up production to fill the supply gap.
Reuters: With new spare capacity, Russia joins ranks of oil’s swing producers
Russian oil minister Alexander Novak speaks with journalists after the 15th Meeting of the Joint Ministerial Monitoring Committee (JMMC) during an event of the Organization of the Petroleum Exporting Countries (OPEC) on July 1, 2019 in Vienna, Austria.
