Gazprom Neft Shrugs at Urals Price Drop

Gazprom Neft isn’t losing sleep over Urals crude prices, at least according to CEO Alexander Dyukov. Speaking to reporters, Dyukov said the company considers the current pricing “quite acceptable” in light of the strengthened ruble. Translation? The currency shift is softening the blow of weaker oil prices, keeping the bottom line from bleeding too much red. For context, Urals crude has been stuck in a price rut thanks to a mix of global oversupply concerns, softening demand, and a shifting geopolitical landscape. But unlike previous…