In this list
Oil

Gazprom Neft could increase oil production by 10% in 2022: CEO

Commodities | Electric Power | Electricity | Energy | Coal | Energy Transition | Emissions | LNG | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Metals | Steel | Steel Raw Materials | Shipping | Tankers

Market Movers Europe, Oct 25-29: Mixed signals for oil prices, energy majors release Q3 results

Energy | Natural Gas | Natural Gas (North American) | Oil | Crude Oil

Platts Upstream Indicator

LNG

S&P Global Platts JKM LNG Workshop

Energy | Oil | Shipping | Petrochemicals | Coal | Energy Transition | LNG | Refined Products | Energy Oil | Bunker Fuel | Fuel Oil | Marine Fuels | Emissions | Tankers | Renewables

INTERVIEW: Shipping's decarbonization move set to hit HSFO demand

Energy | Oil | Crude Oil | Refined Products | Energy Oil | Bunker Fuel | Gasoline | Metals | Non-Ferrous | Shipping | Marine Fuels

Commodity Tracker: 5 charts to watch this week

Gazprom Neft could increase oil production by 10% in 2022: CEO

Highlights

Hydrocarbons output in 2021 targeted at 100 mil mt

Dyukov hopes market 'avoids' oil prices hiking to $100/b

Gazprom Neft could increase oil production in 2020 by 10% year on year, CEO Alexander Dyukov said Oct. 14.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Dyukov previously said the company was seeking to push hydrocarbons output to 100 million mt in 2021 even if oil production limitations under the OPEC+ pact remained in place, from 96.1 million mt in 2020.

"Considering that next year demand for oil may continue to grow, next year we could increase production by 10%, maybe more, but it will depend on quotas set by the ministry," Dyukov said during the Russian Energy Week conference in Moscow.

He expressed hope that oil prices would not reach $100/b, but that "everything was possible."

S&P Global Platts has assessed Dated Brent at three-year highs in recent days, with the benchmark reaching as high as $84.43/b on Oct. 11, which has since eased to $83.32/b on Oct. 13.

Gazprom Neft, like other Russian producers, is subject to quotas under the OPEC+ agreement.

In accordance with OPEC+ efforts to counter the impact of the coronavirus pandemic, the company cut oil output to about 1.06 million b/d in May 2020, compared to 1.33 million b/d in April 2020, when the deal was not yet in effect, according to the energy ministry's data.