Russia Deputy Energy Min.: Everyone Predicting Oil Surplus

Pavel Sorokin, Russia's Deputy Minister of Energy, discusses the global oil market, highlighting a predicted surplus in supply and the absence of a current deficit. He addresses Russia's oil production capacity, potential impacts of US policies, and the country's commitment to net zero by 2061. Sorokin emphasizes the importance of carbon capture, forestry, and hydrogen in Russia's energy transition. He also responds to accusations of Russia creating artificial gas shortages in Europe, attributing the situation to global demand dynamics.

What is the current perception of the oil supply and demand balance according to the discussion?

How does the speaker describe the inventory levels in the United States?

What factors does the speaker mention that could affect oil prices?

What commitment has Russia made regarding energy transition?

What does the speaker suggest is necessary for a successful energy transition?

What are the three pillars that Russia plans to focus on for energy transition?

How does the speaker respond to accusations of Russia creating artificial shortages of natural gas?