the Competition between Russia and Saudi Arabia in the oil market has only increased on the background of the conclusion of the agreement on record production cuts. About it reports Reuters.
“Contrary to statements in the spirit of cooperation competition is still ongoing”, — said the source news Agency. He also added that the official sales price set by Saudi Arabia, saying that the Kingdom is aimed at the Asian market, where there remains a steady demand despite the economic situation in the world.
it is believed that Russia is counting on Asian markets, as it recently launched the full capacity of the pipeline “Eastern Siberia — Pacific Ocean”, designed by 1.6 million barrels per day.
Earlier, OPEC+ signed a deal for massive cuts in oil production, and both countries stated that they are willing to make the necessary steps to balance the market.