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MOSCOW (Reuters) – Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market. He also said that the new oil supply cuts, implemented by the OPEC+ group of leading oil producers from the start of January, will balance the market. Last November, OPEC+ agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for the first quarter of this year led by Saudi Arabia rolling over a 1 million bpd voluntary reduction. OPEC+ will hold a meeting of a key ministerial panel next Thursday. The group’s sourc…

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