Here is Rosneft’s head Igor Sechin warning on an 'acute' oil shortage (spoiler - its a long term view)

Author: Eamonn Sheridan | Category: News

Igor Sechin heads Russian oil major Rosneft, the world's second-largest oil producing company by output after Saudi Aramco.

Speaking over the weekend, said the world was facing an acute oil shortage in the long-term
  • Said this is due to underinvestment amid a drive for alternative energy, while oil demand continued to rise.
His outlook nearer-term:
  • it was hard to predict when the global economy would recover from the COVID-19 pandemic
  • due to "lots of uncertainties" & slow vaccination programmes in some regions
  • expected some shortages to kick in from the second half of 2021
Igor Sechin heads Russian oil major Rosneft, the world's second-largest oil producing company by output after Saudi Aramco.

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