How does the US persuade Saudi Arabia and Russia?

US, WASHINGTON (ORDO NEWS) — American oil companies are in favor of sanctions against Russia and Saudi Arabia, according to the Financial Times. Such a move, in their opinion, will put pressure on these two countries and force them to cut production.

Among the proposed restrictive measures include the introduction of duties on imported oil, the suspension of military assistance to Saudi Arabia, the introduction of tariffs on Russian energy resources and others. The cancellation of existing duties on the Russian Federation is also considered if Moscow agrees to cooperate with Washington.

Well, the day before, US President Donald Trump in his Twitter reported on the agreement reached in a telephone conversation with Russia and Saudi Arabia to reduce production.

True, our country said that this is not so. Presidential spokesman Dmitry Peskov claims that Vladimir Putin did not speak with the Saudis.

The Kingdom, in turn, calls for other countries to participate in the agreement, including Mexico and Brazil, and this is an important condition.

In general, there are still a lot of unknowns on this issue, and after a stormy rally, oil prices began to adjust.

On Thursday, the price of a barrel of Brent brand at the moment rose by 21%, exceeding the mark of $ 30 per barrel.

This morning, quotes are approaching $ 28. Most likely, the market will wait for new announcements, but now we can assume that prices have reached their bottom and are starting an uptrend.

It is worth adding that the States can indeed resort to elements of pressure so that other countries can reduce production.

And it can be not only restrictive measures. States may lift sanctions against Rosneft.


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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.