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Russia's Gazprom Neft urges OPEC to raise oil output quotas


ReutersMOSCOW
Updated: 14-06-2019 15:42 IST
Russia's Gazprom Neft urges OPEC to raise oil output quotas

Image Credit: Flickr

OPEC and non-OPEC producers should raise oil production starting from the second half of the year in order to keep the market balance and acceptable oil prices, Alexander Dyukov, the head of Russia's Gazprom Neft, said on Friday. He told reporters that the oil price range of $55-$65 per barrel is "acceptable" for the Russian producers, while the company is ready to quickly restore its oil output, curbed by a global agreement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Russian Federation

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