Rosneft's Sechin: U.S. oil output may erase gains of global cuts deal

Reuters  |  ST PETERSBURG, Russia 

ST PETERSBURG, (Reuters) - producers in the United States could add up to 1.5 million barrels per day to world output next year, erasing any gains from a global output cut deal, Igor Sechin, the CEO of Russia's largest producer Rosneft, said on Friday.

said the resilience of Russia's industry had however been seriously underestimated by the market. He said could further increase its production to meet rising demand in future.

(Reporting by Dmitry Zhdannikov and Olesya Astakhova; Writing by Dmitry Solovyov; Editing by Andrew Osborn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Rosneft's Sechin: U.S. oil output may erase gains of global cuts deal

ST PETERSBURG, Russia (Reuters) - Oil producers in the United States could add up to 1.5 million barrels per day to world oil output next year, erasing any gains from a global oil output cut deal, Igor Sechin, the CEO of Russia's largest oil producer Rosneft, said on Friday.

ST PETERSBURG, (Reuters) - producers in the United States could add up to 1.5 million barrels per day to world output next year, erasing any gains from a global output cut deal, Igor Sechin, the CEO of Russia's largest producer Rosneft, said on Friday.

said the resilience of Russia's industry had however been seriously underestimated by the market. He said could further increase its production to meet rising demand in future.

(Reporting by Dmitry Zhdannikov and Olesya Astakhova; Writing by Dmitry Solovyov; Editing by Andrew Osborn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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