Having boosted its oil output to historic records, Saudi Arabia denied that it seeks to “get rid of” US shale oil producers, after Russian President Vladimir Putin accused Riyadh of aggressively targeting competitors.
Rejecting the accusation as “fully devoid of truth,” Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud insisted that the Kingdom is and has always been “seeking to reach more cuts and achieve oil market equilibrium for the interest of shale oil producers.”
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