Advisor to the President of Russia said: "The global crude oil market is no longer efficient."

"Today you have to spend one barrel of oil to extract the same amount," said Anton Kubiakov.

Moscow, October 16. /TASS/. Adviser to the Russian President, Anton Kubyakov, said in a press conference at the Russian Energy Week conference: "The international oil market is not efficient, but a real war, both economic and political, has been waged for it."

"The modern oil market is a strange phenomenon. It is far from the largest part of the world economy, but it is very important in terms of information. It is very small compared to the debt market, about 100 times smaller, but it is very, very noisy and political. Its efficiency has stopped - today you need to spend a barrel of oil to extract the same amount. Both economic and political," Kubyakov said.

The Russian Energy Week international forum will be held in Moscow on October 14-16 with the support of the Russian government, the Russian Ministry of Energy and the Moscow government. Roscongress Foundation is the organizer of the event. TASS is the information partner of this forum.