Russia’s Novak: It’s important to cooperate with the US in energy sphere

Russia’s Energy Minister Alexander Novak was on the wires earlier today, via Reuters, expressing his take on the Russia-US talks on oil markets ahead of the meeting scheduled with the US Energy Secretary Perry in Moscow this Thursday.

Key Headlines:

US-Russia to discuss cooperation. 

It’s important to cooperate with the US in the energy sphere.

Oil market still vulnerable, in part due to geopolitics.

We need to continue to monitor the market.

OPEC's June pact on supply increase was the right decision.

Russia wants 20% of the global LNG market