mo4ch:>Saudi Arabia denies trying to kill US shale, shifts blame for oil supply glut on Russia | Mo4ch News

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.”Despite pumping oil at a record pace of some 12 million barrels per day and offering its customers unprecedented discounts, Riyadh rejected any responsibility for the oil market collapse, blaming Russia instead.Also on rt.comTariffs ALWAYS an option! Trump hopes Russia & Saudis reach oil deal ‘fair’ for US as Putin seeks cooperation from ALL sidesBack in March, the Organization of the Petroleum Exporting Countries (OPEC) agreed on deeper cuts to boost oil prices amid the coronavirus outbreak, but Russia recomme…