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Saudi Arabia mulls pumping more oil to offset lost Russian production

 wsj 2 min read 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

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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