The expert doubted that the United States can regulate the oil market

© AP Photo / David ZalubowskiДобыча of shale oil in the United States. Archival photoThe expert doubted that the United States can regulate the oil market© AP Photo / David Zalubowski

USA can try to influence countries with elements of the command economy in the oil and gas industry, but to regulate the market due to conscious changes in their own production they did not succeed, the Director of the group on natural resources and commodities, Fitch ratings Dmitry marinchenko.

On Thursday the head of «Rosneft» Igor Sechin in the framework of the Eurasian forum in Verona said that given the US intentions to become a major exporter of oil we can actually talk about the appearance design of the US-PEC. «Moreover, the United States intends to become a major oil exporter. In fact, we can talk about the appearance design US-PEC, especially given recent events, the depth of the relationship of USA and Saudi Arabia it is difficult to overestimate,» he said.

«The U.S. can try to exert influence on the countries with the de facto elements of the command economy in the oil and gas sector — including Saudi Arabia — but to regulate the market due to conscious changes in their own production they did not succeed,» commented marinchenko RIA Novosti news Agency question about the U.S. role in the market as a possible regulator.

«The oil and gas industry in the US, which is represented by dozens of relatively large companies, based on market principles. Companies produce as much as you can or you think you need — it is impossible to imagine a situation that they will «voluntarily» to limit production in response to a request of the government — as is happening in Russia in the framework of its participation in the transaction OPEC+», — he added.

The expert doubted that the United States can regulate the oil market© Vitaly will Policywhat in the gap

Source