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Naftogaz says OPEC is on the wrong side of history

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Naftogaz CEO Yuriy Vitrenko says OPEC is on the wrong side of history in choosing to stick with Russia.

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The chief executive of Ukrainian state energy giant Naftogaz says oil producer group OPEC is on the wrong side of history in choosing to stick with Russia to stabilize energy markets.

Speaking to CNBC’s Hadley Gamble at the World Economic Forum in Davos on Monday, Naftogaz CEO Yuriy Vitrenko warned the Middle East-dominated group of exporting countries to recognize the Kremlin’s onslaught in Ukraine as a challenge to their wealth.

When asked whether OPEC was in danger of being out of sync with the international community over Russia’s…



Source cnbc.com

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