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19:08, 28-Feb-2023
Russia's oil cuts designed to balance market: Gazprom Neft head
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Russia's 500,000 barrel-a-day cut to its oil production, starting in March, is designed to balance the oil market in the face of a global surplus, the head of Russia's Gazprom Neft oil company said on Tuesday.
Gazprom Neft CEO Alexander Dyukov also said he saw the likely oil price in a range of $80-$110 per barrel in 2023, Interfax news agency reported.
Source(s): Reuters
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Disinformation report hotline: 010-85061466