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Russia's Oil Cuts Aim to Balance Market

Russia will be cutting 500,000 barrels per day of its oil production starting in March to balance the oil market, which faces a global surplus.

Aleksandr Dyukov, Chairman of the management Board of Gazprom Neft
Aleksandr Dyukov, Chairman of the management Board of Gazprom Neft

Gazprom Neft CEO Predicts Oil Price Range for 2023

Alexander Dyukov, the CEO of Gazprom Neft, predicted the likely oil price to be within a range of $80-$110 per barrel in 2023.

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