Sechin added that he saw oil prices at at $50-53 per barrel next year.
(Reporting by Olesya Astakhova and Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Robin Pomeroy)
End-of-day quote
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351.2 RUB | -3.77% | -.--% | -.--% |
May. 21 | Factbox-Russian refineries targeted by Ukraine's drones | RE |
May. 17 | Russian oil refinery fire after drone attack contained | RE |
MOSCOW (Reuters) - The head of Russian oil giant Rosneft, Igor Sechin, said the slump in oil prices was mostly linked to a fresh interest rate hike announced by the U.S. Federal Reserve last week.
Sechin added that he saw oil prices at at $50-53 per barrel next year.
(Reporting by Olesya Astakhova and Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Robin Pomeroy)
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