Gazprom Neft expects oil output to rise 2pct in 2019 - Mr Yakovlev

Image Source: oilandgasiq.com

First Deputy Chief Executive Mr Vadim Yakovlev said in Gazprom's in-house magazine published that Russian oil producer Gazprom Neft expects its oil output to rise by 2 percent in 2019. The forecast implies global oil production cuts for the first half of the year.

Mr Yakovlev said that Gazprom Neft would still raise production for the year even if the OPEC and non-OPEC countries decide to prolong their agreement on oil output reduction for the second half of the year.

Source : Reuters