Rosneft President slams OPEC policy and warns of oil shortages

Igor Sechin, RosneftRosneft President slams OPEC policy: Rosneft’s President Igor Sechin today accused OPEC of having “lost its teeth” and warned that its policy of refusing to lower output in the face of falling oil prices ran the risk of destabilising the market. He also warned that the fall in crude oil prices could lead to a supply shortage by the end of the year. The Moscow Times