Russia expects record prices for oil and gas

В России ожидают рекордных цен на нефть и газ

The head of Rosneft, Igor Sechin, warned of a possible price “superloop” on hydrocarbons because of the sanctions.

The policy of sanctions and ultimatums as applied to the hydrocarbon markets can not lead to the emergence of a permanent “sanctions awards” in price. This was stated by the head of Rosneft, Igor Sechin, Interfax reported on Friday, may 25.

“After some time, do not rule out that we will be able to speak about sanctions raw “superloop” and in the near term will see new price records,” said Sechin in a speech at the St. Petersburg international economic forum (SPIEF-2018).

In his opinion, the new level of prices, eventually, will pay including American and European consumer, and this level is not a result of OPEC+ or other agreements as a result of a unilateral sanctions policy.

We will remind, on Friday morning, 25 may, the world prices for oil began to decline and by lunch had fallen by almost two dollars. A barrel of Brent was podeshevel to $ $ 77, and WTI to $69,12.

Also this week it became known that in March the U.S. ahead of Russia in oil production. Us oil companies produced an average of 10,425 million barrels of “black gold” per day, and the Russian – 10,298 million b/d. Closed the three of leaders of Saudi Arabia – 9,907 million b/d.

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