Russia's Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says
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Gazprom Neft, a Russian oil producer, is prepared to increase its oil output starting in April as part of the OPEC+ agreement, according to its CEO.
March 18, 2025 | 11:45 am
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NEUTRAL IMPACT
The announcement by Gazprom Neft to increase oil production under the OPEC+ deal could influence the price of oil, impacting the United States Brent Oil Fund (BNO), which tracks the price of Brent crude oil.
Gazprom Neft's decision to increase oil production may affect global oil supply, potentially influencing Brent crude prices. BNO, which tracks Brent crude, could see price fluctuations as a result. However, the direct impact on BNO is uncertain due to other market factors.
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