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[size=30]Rising indications of a lack of supply and a strong demand for oil and gas... Will oil prices soar to the highest levels soon?
2021-06-06
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Yes Iraq: Baghdad
The director of the "Rosneft" company, Igor Sechin, announced that the world is facing the threat of an acute shortage of oil and gas, similar to the metal industry.
The increase in oil and gas reserves in recent years is at historic lows, and there is a certain shortage of resources already, Sechin said, during a session on "Global Energy Transition" at the St. Petersburg International Economic Forum.
He explained that "this trend may become normal for the world's major companies and lead to the depletion of the resource base, so the world faces the risk of facing a severe shortage of oil and gas."
Sechin added: “Previous decisions that were the current situation in the minerals market, (as the largest iron ore producers underestimated demand and underinvested in the industry), led to deficits that now affect the entire world.
Sechin noted that it is necessary to abandon oil extraction projects that pollute the environment, for example, shale oil,
In this regard, Sechin noted that in 2020, this production amounted to about 350 million tons, or 2/3 of America's total production.
The director of "Rosneft" concluded his speech by asking: Isn't it time to change the way the issue of the future of oil is presented? .. Here the talk is not about rejecting oil per se, but rather rejecting oil from projects that pollute the environment.
It is noteworthy that the Petersburg International Economic Forum-2021 was held under the slogan “Together again - the economy of the new reality”, in attendance, during the period from 2 to 5 June.
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