Date: 5 months ago   Category: Energy

Sechin has declared risk of disbalance of the oil market because of sanctions of the USA — Rambler News Service


Sanctions of the USA in the short-term period can lead to serious disbalance of the oil market, the head of Rosneft Igor Sechin a performance entrance at the Euroasian economic forum has said. "In the short-term period the USA can already lead "treasury wars" to serious disbalance of the oil market" — he has told. According to Sechin, "by the available estimates, the current supply and demand of liquid hydrocarbons in the world market in general are balanced at the level about 100 million barrels a day". "However it is impossible to call maintaining stability and balance a long-term trend as in the oil market the instrument of ensuring such stability isn't created yet" — the head of Rosneft has added. The head of Rosneft has added that "according to the last estimates, decrease in the offer of oil in the fourth quarter of this year could make up to 2 million barrels a day". "Today news about the unprecedented volume of oil which Iran plans to send to Dalian port in the People's Republic of China have come. On the available information, more than 20 million barrels in October-November of this year are about the real armada of tankers with freight though usual monthly volumes are 1-3 million barrels" — he has emphasized. According to Sechin, "leads misunderstanding of work of market mechanisms of the world market of oil and lack of desire to consider the interests of consuming countries of oil from the leader for today of world economy to such situation". Earlier Sechin has emphasized that, according to him, "it is available not sanctions, and "treasury wars" with intentionally muffled – often ambiguous – formulations".

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