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Russian Energy Ministry hoping for approval of new energy strategy in June

Russian Energy Ministry hoping for approval of new energy strategy in June
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Russia s Gazprom Neft sees no need for extra OPEC+ oil output cuts

The head of Russian oil major Gazprom Neft said on Saturday he sees no need for additional oil supply cuts by OPEC+ oil producers, days before the group is due to meet on output policy.

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Russia s Gazprom Neft sees no need for extra OPEC+ oil output cuts - Markets

MOSCOW: The head of Russian oil major Gazprom Neft said on Saturday he sees no need for additional oil supply cuts .

Saudi arabiaAlexander dyukovGazprom neftNikolai shulginovInternational energy agencyRussian energyParis based international energy agencyMiddle eastRussian energy minister nikolai shulginov

Russian Gazprom Neft Forecasts Slight Surplus in Global Oil Market

The head of Russian Gazprom Neft said on Saturday he sees no need for additional oil supply cuts by OPEC+ oil producers, days before the group is due to meet on output policy. He remarked that there was a slight surplus in the global oil market. OPEC+ have agreed to voluntary output cuts totaling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over a 1 million bpd voluntary reduction.

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Why is EU s Reliance on US LNG Without Russian Energy Fraught With Risk?

The West’s comprehensive sanctions against Russia led, in particular, to disruption of Russian energy supplies to Europe and the US expanding its LNG clout in the continent.

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