Rosneft's Sechin: Global Crude Market Could Restore Balance Within a Year

摘要

The global oil market could restore its balance within a year, according to Rosneft's President Igor Sechin, a view seen by some industry players as "bullish." Speaking at the International Petroleum Week conference in London Tuesday, Sechin said that the price level of $60-$80 per barrel would guarantee a return of investment to Russian oil companies and allow them to keep crude production at current levels.