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Saudi Arabia mulls pumping more oil to offset lost Russian production

wsj

The kingdom would tie the move to greater security guarantees from the US, said Persian Gulf officials

The move would represent a significant shift for the Saudis, who have resisted calls from the US, UK and other Western countries to pump more oil to help reduce a price boom resulting from Russia’s invasion of Ukraine (Photo: AP)Premium
The move would represent a significant shift for the Saudis, who have resisted calls from the US, UK and other Western countries to pump more oil to help reduce a price boom resulting from Russia’s invasion of Ukraine (Photo: AP)

Saudi Arabia is considering pumping more oil than planned to offset a decline in Russian crude production, a move the kingdom would tie to greater security guarantees from the US., said Persian Gulf officials familiar with the discussions.

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