Putin believes ending bloodshed in Syria crucialRussian Politics & Diplomacy July 27, 17:48
Russia’s 6th-generation fighter jet to get lasers capable of burning missile homing headsMilitary & Defense July 27, 17:36
Washington to use new sanctions to curb Russian energy projects, experts sayBusiness & Economy July 27, 17:15
Putin says Russian-Chinese cooperation is not aimed against any third countriesRussian Politics & Diplomacy July 27, 17:11
Expert believes US bill on anti-Russian sanctions may trigger new Cold WarRussian Politics & Diplomacy July 27, 16:03
Keying into the Russian Central Bank's key rateBusiness & Economy July 27, 15:59
Decision to strip Saakashvili of Ukrainian citizenship ‘not Kremlin’s problem’Russian Politics & Diplomacy July 27, 15:43
NHL three-time Stanley Cup winner Malkin still hopes to play for Russia at 2018 GamesSport July 27, 15:33
Brazilian football team’s staff kick off Russian language practice ahead of 2018 World CupSport July 27, 14:48
MOSCOW, February 5. /TASS/. Russia’s ambassador to Saudi Arabia has dismissed media speculation linking the plunging oil prices to alleged conspiracy between Riyadh and the United States.
"Riyadh has repeatedly, including in public, and through its oil minister, rejected these allegations," Ambassador Oleg Ozerov said in an interview with TASS, speaking about Saudi Arabia’s oil policy.
The objective factors behind the falling oil prices are slower than expected economic growth in China and that the oil supply is much higher than demand, the Russian diplomat said, adding that the rest is an "interpretation of experts."
"One should rely on factors, and they are that the export of Saudi Arabia’s oil to the US at the moment is not higher than 5-6% from the overall hydrocarbons consumption by the Americans, while the total oil production of Saudi Arabia in the world balance hardly exceeds 10%," Ozerov said.
Saudi Arabia has repeatedly stated that it is not planning to meddle in the market pricing. "The Russian stance, based on the statements of President Vladimir Putin, is the same," the ambassador said.
"Other things, including the assumptions linking the oil prices to Russia’s changing position on a number of international and regional problems, including on the Syrian crisis, should be referred to the speculations of journalists," he said.
Ozerov stressed that Saudi Arabia is a rich and strong state that has gold and foreign exchange reserves worth $730 billion what allows it "surviving calmly the period of low oil prices."