Saudi Arabia has sharply criticized Russia over what it describes as Moscow blaming the kingdom for the collapse in global energy prices.
Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.
International benchmark Brent crude fell to around $24 a barrel, compared with prices of over $70 a year ago. Prices slightly have rebounded with President Trump tweeting and talking about the need for a production cut, but rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference Monday.
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Saudi Arabia sharply rebukes Russia over oil price collapseSaudi Arabia has sharply criticized Russia over what it described as Moscow blaming the kingdom for the collapse in global energy prices
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Saudi Arabia sharply rebukes Russia over oil price collapseDUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the...
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OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapseOPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices.
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Oil set to 'crater' Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and RussiaThe meeting between OPEC and its allies scheduled for Monday has been postponed amid ongoing tensions surrounding production cuts.
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Saudi Arabia denies withdrawing from OPEC+ deal, says Russia was the one that withdrewThe Saudi foreign minister said early on Saturday that a statement attributed to Russia's President Vladimir Putin about the kingdom's withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported.
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U.S. not negotiating with Saudi Arabia, Russia; wants them to reach oil deal: sourceThe White House is not negotiating with Saudi Arabia or Russia over a deal to cut oil production and wants the two parties to come to an agreement among themselves, U.S. Energy Secretary Dan Brouillette told industry executives on a call on Friday, according to a source who listened in.
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