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Saudi Arabia mulls pumping more oil to offset lost Russian production

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) — 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)**

2 min read . Updated: 02 Jun 2022, 06:00 PM IST Summer Said, The Wall Street Journal

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

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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Saudi Arabia mulls pumping more oil to offset lost Russian production

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