Russia's Oil Supply Is Vulnerable - Bloomberg

Russia's Oil Supply Is Vulnerable - Bloomberg:

It’s just been six months since the biggest crisis for Russian oil distribution in living history, and the leader of the country’s largest oil company is already flinging mud in the direction of the world’s other two giant oil producers, Saudi Arabia and the U.S.

On Thursday, speaking at the Verona Forum, Igor Sechin, chief executive officer of state controlled Rosneft PJSC, which produces more than a third of Russia’s crude, said it was time to “reassess Saudi Arabia’s role as the unconditionally reliable oil supplier” in light of last month’s drone attack on Saudi oil infrastructure. Then he turned his sights on President Donald Trump’s decision to pull the U.S. out of the Iran nuclear deal, saying it was “a serious blow to security of supplies from the Middle East.”

He also questioned how long America’s shale boom would last, suggesting that the long-term potential is unclear, especially without more in-depth study of the resource base underpinning the industry there.