Story perspectives
Rosneft's Profit Plummets 68% Amid OPEC+ Tensions
9/1/2025
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Story summary
- Rosneft's net income fell 68% to 245 billion roubles ($3 billion) in H1 2025 due to weak oil prices from OPEC+ production hikes.
- CEO Igor Sechin criticized OPEC's strategy, connecting production cuts to rising U.S. output.
- Russia raised crude oil export plans by 200,000 barrels per day amid Ukrainian attacks on oil infrastructure.
