“If at previous forums in Verona we talked about the fact that there are three regulators on the world oil market - Russia, Saudi Arabia and the USA, today only one regulator remains on the market - the USA. And this should be taken for granted, ”Sechin said.
According to him, the rest of the market participants are left to build work around the existing structure.
Sechin also noted that recent events make it possible to classify the so-called fragile suppliers not only the “traditional five countries” - Iran, Venezuela, Libya, Iraq, Nigeria, but also Saudi Arabia.
Earlier, the head of Rosneft called the shock factors faced by the global economy.
According to him, “the US economic and technological confrontation with China, trade and tariff and currency wars, US sanctions against major oil producers” could lead to a global recession.