Saudi Arabia denies plans to wage & laquo; price war & raquo; with Russia

The Saudi Arabian authorities, which consider the Russian Federation to be the most important partner in the oil market, do not intend to wage any price wars. A senior OPEC source told TASS. We in Saudi Arabia do not intend to fight any wars with Russia, said the source. The agency added that Russia, which is the most important player in the energy market, is still a very important partner for Riyadh. Earlier, the American agency Bloomberg, citing sources, reported that Saudi Arabia allegedly plans to increase black gold production in April 2020 to 10 million barrels per day due to the collapse of the OPEC deal. According to journalists, Saudi Arabia's goal of rampant dumping in the oil market and putting maximum pressure on the Russian Federation to return to the OPEC negotiating table. Read also: Saudi Arabia increases oil production to put pressure on Russia

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