Saudi Arabia ready to pump more oil if Russian output sinks under ban – FT SaudiArabia Oil WTI Commodities RussianFederation
anctions against Moscow, the Financial Times reports, citing five people familiar with the discussions.“Saudi Arabia is aware of the risks and that it is not in their interests to lose control of oil prices.”
“There had been discussions about an immediate increase in production from Saudi Arabia and the United Arab Emirates, which could be announced at Thursday’s OPEC+ meeting.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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