Russia's Biggest Oil Producer Skeptical on Output Deal With OPEC
- Rosneft to continue battle for traditional crude markets
- CEO sees oil glut becoming shortfall by the end of 2017
Goldman’s Currie Expects Oil Volatility to Go Higher
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Russia’s largest oil producer Rosneft OJSC said it will defend traditional markets and expressed doubts over any coordinated action by crude-exporting nations to curb output.
“Tell me who is supposed to cut?” Chief Executive Officer Igor Sechin said on the sidelines of a conference in London on Wednesday. “Will Saudi Arabia cut production? Will Iran cut production? Will Mexico cut production? Will Brazil cut production? Who is going to cut?”