Grace Njeri's post

The head of Russian oil major Gazprom Neft, opens new tab said he sees no need for additional oil supply cuts by OPEC+ oil producers, days before the group is due to meet on output policy.
OPEC+ have agreed to voluntary output cuts totalling 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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  • Rukia Ahmed Abdi

    11 w

    The statement from the head of Gazprom Neft, opposing additional oil supply cuts by OPEC+ members, highlights the ongoing challenges in aligning global oil policies with climate change goals. The reluctance to implement further cuts may signal the complexities of balancing economic interests in the oil industry with the imperative to reduce carbon emissions. This underscores the ongoing tension between fossil fuel production and the broader commitment to mitigate climate change, highlighting the need for comprehensive and sustainable energy transition strategies.

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