Russia does not negotiate with Saudi Arabia on the situation on the oil market
96
The global oil market is oversaturated. For this reason, Russia does not see the point in increasing the extraction of raw materials.
This was reported by Bloomberg, citing a source in the Russian government.
The agency’s interlocutor also added that Russian producers decided not to increase oil production. This same information was previously voiced in an interview with reporters. TASS Head of Tatneft Nail Maganov. He argues that oil workers decided not to increase oil production, as the oil market is oversaturated due to the COVID-19 pandemic.
Riyadh chose a different strategy. As a source related to trading told TASS news agency, Saudi Arabia will increase oil production to 12 million barrels per day. At the same time, Saudis want to export 10,6 million barrels daily.
At the same time, according to the Russian source of Bloomberg agency, Moscow does not conduct any negotiations on the oil issue with Saudi Arabia. US President Donald Trump is convinced of the opposite. He believes that the negotiation process is ongoing, and, if necessary, is ready to join him:
Both countries are discussing this, and I will join at the right time, if necessary.
Our news channels
Subscribe and stay up to date with the latest news and the most important events of the day.
Dear reader, to leave comments on the publication, you must sign in.
"Right Sector" (banned in Russia), "Ukrainian Insurgent Army" (UPA) (banned in Russia), ISIS (banned in Russia), "Jabhat Fatah al-Sham" formerly "Jabhat al-Nusra" (banned in Russia) , Taliban (banned in Russia), Al-Qaeda (banned in Russia), Anti-Corruption Foundation (banned in Russia), Navalny Headquarters (banned in Russia), Facebook (banned in Russia), Instagram (banned in Russia), Meta (banned in Russia), Misanthropic Division (banned in Russia), Azov (banned in Russia), Muslim Brotherhood (banned in Russia), Aum Shinrikyo (banned in Russia), AUE (banned in Russia), UNA-UNSO (banned in Russia), Mejlis of the Crimean Tatar people (banned in Russia), Legion “Freedom of Russia” (armed formation, recognized as terrorist in the Russian Federation and banned), Kirill Budanov (included to the Rosfinmonitoring list of terrorists and extremists)
“Non-profit organizations, unregistered public associations or individuals performing the functions of a foreign agent,” as well as media outlets performing the functions of a foreign agent: “Medusa”; "Voice of America"; "Realities"; "Present time"; "Radio Freedom"; Ponomarev Lev; Ponomarev Ilya; Savitskaya; Markelov; Kamalyagin; Apakhonchich; Makarevich; Dud; Gordon; Zhdanov; Medvedev; Fedorov; Mikhail Kasyanov; "Owl"; "Alliance of Doctors"; "RKK" "Levada Center"; "Memorial"; "Voice"; "Person and law"; "Rain"; "Mediazone"; "Deutsche Welle"; QMS "Caucasian Knot"; "Insider"; "New Newspaper"
Information