Gazprom Neft CEO and Management Board Chairman Alexander Dyukov underlined on Tuesday that world prices of crude are stable thanks to the OPEC+ deal has helped to stabilize crude oil prices in the markets, noting that geopolitical factors continue to drive up the costs.
"OPEC+ eventually solved the problem of balancing supply and demand, provided fairly stable prices on the world market. Yes, prices [now] are high, but OPEC+ is no longer to blame here," Dyukov told the reporters.
According to Dyukov, the tools provided by OPEC+ enable the market to remain in balance by maintaining appropriate pricing, while also presenting opportunities for more businesses to invest in oil production.
