Disagreements in OPEC+: Saudi Arabia and Russia want different production quotas
Russia finds it difficult to increase oil production due to sanctions, while Saudi Arabia wants to quickly increase its market share

Saudi Arabia and Russia disagree on raising oil production quotas for November, Reuters and Bloomberg report, citing their own sources.
Russia, which is struggling to increase production due to sanctions, Ukrainian drone strikes on refineries and port restrictions, favors a modest 137,000 bpd increase in production.
Saudi Arabia and the UAE insist on a much larger increase – from 274,000 to 548,000 barrels per day. The Saudis have the ability to quickly increase production and want to regain market share.
The decision, expected to be made on October 5, is also influenced by the political context: Saudi Prince Mohammed bin Salman is due to meet with US President Donald Trump in November, who is demanding lower fuel prices.
- The last time the OPEC+ leaders failed to agree on oil production volumes (in 2020, they talked about cutting production amid a sharp drop in demand due to the COVID-19 pandemic), Saudi Arabia launched a price war, significantly increasing production and crashing oil prices. Then the parties managed to reach a quick agreement and the period of low prices was short.
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