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Saudis threatened a new oil war

Saudis threatened a new oil war

Saudi Arabia may declare an oil war on Angola and Nigeria. It is reported by the American publication The Wall Street Journal.

In March, Saudi Arabia declared Russia oil war for refusing to cut oil production in order to keep prices at $50 per barrel — it boosted production, as a result of which oil fell sharply. The war ended in April when OPEC + member countries and some other states agreed to reduce production by 9.7 million barrels per day.

The Wall Street Journal reported yesterday that Angola and Nigeria have not fully complied with their commitments under the new deal. Some time ago, for this reason, the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman, issued an ultimatum to their authorities — he demanded to submit plans to reduce production, which would compensate for unfulfilled obligations.

He also threatened Angola and Nigeria with the fact that in order to undermine their economies, Saudi Arabia could start trading oil at reduced prices.

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