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Rosneft’s CEO blamed OPEC for the crash in oil prices putting pressure on the Russian economy
Igor Sechin, CEO of state-run energy giant Rosneft (ticker: RNFTF), made a rare appearance in London for the International Petroleum Week event where he blamed OPEC for the current low prices hurting Russia and other oil exporters.

“OPEC has lost its teeth,” Sechin said through an official translator at the event. The organization’s decision to let oil prices fall in order to protect market share led to a “destabilization” of the market according t...


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