The Russia - Saudi Arabia Oil War Continues. Russia Tells The U.S. To 'Stay Out Of It'

World Oil/Bloomberg: Seeing Saudi action as “oil blackmail”, Putin signals resistance

Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue.

The unprecedented clash between the two giant exporters -- and former OPEC+ allies -- threatens to push the price of a barrel below $20, but Moscow won’t be the first to blink and seek a truce, said people familiar with the government’s position.

Putin’s government has spent years building reserves for this kind of crisis. While Russia didn’t expect the Saudis to trigger a price war, the people said, the Kremlin so far is confident that it can hold out longer than Riyadh.

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WNU Editor: There is going to be an economic hit .... Oil price crash not catastrophic for Russian economy — Kremlin (RT). In the meantime the Kremlin is telling the U.S. to stay out of this dispute .... Kremlin Says No One Should Intervene in Russia-Saudi Oil War After Trump Hints at Action (Newsweek). My prediction. The U.S. will stay out of the Russia - Saudi Arabia oil dispute. There is zero political will in Washington right now to impose measures that will raise gas prices on U.S. consumers.

More News On The The Russia - Saudi Arabia Oil War

Trump says he will enter Saudi-Russia oil fray at appropriate time -- Investing/Reuters
Why Russia’s Vladimir Putin is in no mood to call oil war truce with Saudi Arabia -- SCMP/Bloomberg
Saudi Arabia just won control of the oil market -- CNN
Why US Better Stay Away From Russia-Saudi Oil Price War -- Sputnik
Kremlin Says No One Should Intervene in Russia-Saudi Oil War After Trump Hints at Action -- Newsweek