The hottest Russian oil company executives exposed
2022-10-24- Detail
Russian oil company executives exposed "shocking insider" the United States is manipulating the global crude oil market
Russian oil company executives exposed "shocking insider" the United States is manipulating the global crude oil market
June 19, 2015
[China paint information] Igor Sechin, President of Rosneft, said on Wednesday (June 17) that the United States is manipulating the global oil market, In contrast, the influence of the organization of foreign countries (OPEC) has weakened
thanks to the shale oil boom, the United States has regained its vitality and become the largest oil producer. At the same time, despite the decline in oil prices, OPEC refused to cut production to support oil prices in an effort to maintain its share in the global oil market
sechin said, "in essence, the only market with all financial and technical instruments is the US market, which has become a key regulator."
he also stressed that the oil price in the U.S. market has set the tone for the whole industry around the world, reiterating that OPEC has weakened its influence on oil price by making the instrument and equipment work at a normal frequency
affected by the oversupply, the international oil price once fell sharply, from the peak of $115 per barrel in June 2014 to about $64 at present, a decline of nearly 50%
sechin pointed out that the oil market is expected to be more volatile in the foreseeable future. However, in the long run, the oil market will show an upward trend in two to three years, and the rising cost of enterprises will drive the oil price higher
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