Russia holds America responsible for the disruption of oil markets

Igor Sechin, chief executive of Rosneft, Russia's largest oil producer, on Thursday accused the United States of being the main culprit in the oil market, insofar as it fought the trade wars, imposed sanctions and tried to impose conditions on other producers.
"Restrictions and trade sanctions have become a tool for fighting for a share of the market," Sechin said in a speech at an economic forum in Verona.
Although some still hope that the US action against the major oil producers, such as Iran or Venezuela, will not prevent other countries from increasing their production for offsetting the lows elsewhere, Sechin believes this may not work.
Sikhin said that the Organization of the Petroleum Exporting Countries (OPEC) may not have enough capacity at the moment, stressing that even though the world trade wars are limiting oil demand, investments in new oil projects will be limited. crude oil will also be affected.