“By the end of the year, I assume that it can grow and return to the level of up to $ 60. If processes continue, shale oil will exit the market, ”he said.
Sechin also said that Rosneft was ready to lower oil prices when the issue of extending the OPEC + agreement was discussed.
At the same time, the head of Rosneft said that during the operation of the OPEC + agreement with Russia, the United States became the first in the world to produce oil, "this has never happened." According to him, nine new export pipelines and offshore terminals were built in the USA, as well as the active entry of gas workers and oilmen from the USA to the European market.
Sechin added that oil prices are adjusting, "but if you leave your consumers, you will never return there again."
“Ten times, for example, increased supplies (USA. - RT) to India, six times - to Europe. Well, please draw conclusions. Do we need to maintain our market share or not? I think it is necessary, ”he said.
During the auction on March 20, futures for Brent crude for May delivery fell 3.86% to $ 27.37 per barrel.