Bloomberg: Riyadh threatens to increase oil production to bring Russia back to the negotiating table

Saudi Arabia in April to increase oil production to 10 million barrels per day. It is reported Bloomberg citing its sources. According to the Agency, now the production of 300 thousand barrels less. Say they are willing to increase to 12 million, reports channel “Russia 24”. The Agency explained: this is supposedly a deliberate policy of the Kingdom, to bring Russia back to the negotiating table after the failure of the transaction. The increase in oil production “will plunge markets into chaos,” already hit the demand of the epidemic of the coronavirus.

this Friday at the meeting in Vienna, Moscow and OPEC was unable to agree on the terms of the reduction of oil production and once again extend the agreement. Although participants stated that consultations will continue, world fuel prices fell to 45 dollars per barrel.