Russia's production of petroleum and other energy liquids is expected to average 9.9 million barrels per day this year, down 1.1 million from 2022, the US Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday

Brent crude, the global benchmark for oil, is expected to trade about 17% lower on the average this year than in 2022, the US Energy Information Administration (EIA) said in a forecast issued Tuesday

BP reported a full-year net loss of $2.487 billion for 2022, against $7.565 billion in net profits attributed to its shareholders the previous year

Discounts on Russian oil and its supply to the market should not cause any serious concerns, since experts know how to deal with these issues, CEO of Russian oil giant Rosneft Igor Sechin said on Monday

Russia's Rosneft increased its hydrocarbon production by 3% in 2022, and expects growth by about 5% in 2023, Rosneft CEO Igor Sechin said on Monday