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Rosneft chief Sechin damps talk of Russia-Saudi oil supply deal (Financial Times)

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Rosneft chief Sechin damps talk of Russia-Saudi oil supply deal (Financial Times)

Post by Admin on Mon Sep 07, 2015 10:12 am

Russia will not work with Opec to curb a global oil glut even after prices hit the lowest level since the financial crisis, according to the chief executive of Rosneft.

Igor Sechin’s comments on Monday damped speculation that recent communications between Moscow and Saudi Arabia could yield a supply agreement.

Mr Sechin, former deputy prime minister and a close ally of Vladimir Putin, the Russian president, said Opec had proposed that Russia became a member of the oil producers’ cartel. But the “golden age” of Opec had passed, he said................

To read further go to this link: ft.com

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