Russia says Saudi Arabia destabilized oil market: TASS

Mon Dec 28, 2015 4:45am EST
 
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MOSCOW (Reuters) - Saudi Arabia has destabilized the global oil market by increasing production, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Monday.

"Saudi Arabia has this year increased production by 1.5 million barrels per day, thus effectively destabilizing the situation on the market," Novak was quoted as saying.

(Reporting by Polina Devitt; editing by Maria Kiselyova)

 
Russia's Energy Minister Alexander Novak arrives at the European Commission headquarters in Brussels ahead of a meeting with EU officials March 2, 2015.  REUTERS/Eric Vidal