Newsclip®: [Business] Russian oil chief Sechin: OPEC unity effectively extinct

"MOSCOW: OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin, head of Russia's biggest oil firm Rosneft, told Reuters. The comments are the first from Russia's most influential oil executive after crude producers failed to agree to freeze output to support prices at a meeting in Qatar last month. A long-standing ally of President Vladimir Putin, Sechin has been sceptical about OPEC before,",

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