‘Gained non-competitive advantages’: Rosneft chief says US energy companies were biggest winners from Hormuz disruption

Times Of India Times Of India

Rosneft CEO Igor Sechin stated American energy firms are the primary beneficiaries of a Strait of Hormuz closure, warning of long-term damage to oil demand and a boost for alternatives.

He also highlighted global resource shortages and questioned OPEC+'s effectiveness, noting Russia's production decline and need for investment.

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