According to Sechin, besides shale, the US has “all the factors influencing the development of a competitive oil market.” This means financial resources, financial derivatives, stock exchanges, a developed system of pipelines and a large number of contractors working in the country, he said at the Russia Calling forum in Moscow on Tuesday .... https://www.rt.com/business
Tuesday, October 13, 2015
OPEC no longer oil market key regulator, US is - Rosneft CEO
The main role in regulating the oil market has transferred from the Saudi Arabia-dominated OPEC cartel to the US, says Rosneft CEO Igor Sechin. Shale deposits are not the only factor, he added.
According to Sechin, besides shale, the US has “all the factors influencing the development of a competitive oil market.” This means financial resources, financial derivatives, stock exchanges, a developed system of pipelines and a large number of contractors working in the country, he said at the Russia Calling forum in Moscow on Tuesday .... https://www.rt.com/business
According to Sechin, besides shale, the US has “all the factors influencing the development of a competitive oil market.” This means financial resources, financial derivatives, stock exchanges, a developed system of pipelines and a large number of contractors working in the country, he said at the Russia Calling forum in Moscow on Tuesday .... https://www.rt.com/business
