This is reported by the Financial Times, citing sources.
It is noted that against the backdrop of a partial embargo on Russian oil imports imposed by the EU, the cost of raw materials has already risen to $120 per barrel, and there are concerns in the West about the lack of supplies.
“Saudi Arabia is aware of the risks and the fact that it is not in its best interest to lose control of oil prices,” one of the sources said.
The article says that although Riyadh has repeatedly rejected US and G7 calls to increase oil production, the authorities have recently decided to change the tone to influence price cuts as part of a rapprochement with Washington.
According to RIA Novosti with reference to the publication, in order to implement these plans, it is necessary to reduce oil production in Russia.
Earlier, Saudi Energy Minister Abdelaziz bin Salman Al Saud expressed hope for an agreement with OPEC+ that would include Russia.
He attributed the rise in fuel prices to the lack of global oil refining capacity.
Political scientist Anatoly Ivanov, in an interview with the FBA "Economics Today", spoke about the possibility of the EU to abandon Russian energy resources.