Rosneft CEO: US oil and gas companies could see additional profits exceeding $60 billion this year, according to Rystad Energy

ST. PETERSBURG, Russia, June 6 (Reuters) - Igor Sechin, head of Rosneft, Russia's biggest oil producer, said on Saturday that closing the Strait of Hormuz, a key waterway for global oil and natural gas exports, is an attempt to change the rules of the global energy market in favor of the United States.

In a speech at the St. Petersburg International Economic Forum, Sechin, a longtime ally of Russian President Vladimir Putin, said that the OPEC+ alliance of major oil producers had lost some of its potential with the UAE's withdrawal.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.