Saudi Arabia sharply criticised Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.
Oil prices sharply fell after the so-called OPEC+ group of countries including Russia failed to agree to production cuts in early March.
A price war began soon after, with Saudi Arabia threatening to pump at a record-breaking pace to seize back market share even as the coronavirus pandemic saw demand sharply drop as airlines worldwide halted flights.
International benchmark Brent crude fell to around USD 24 a barrel, compared to prices of over USD 70 a year ago. Prices slightly have rebounded with President Donald Trump tweeting and talking about the need for a production cut, but rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference Monday.
That anger could be seen early Saturday in two critical statements released by the kingdom's state-run Saudi Press Agency.
The first came from Saudi Foreign Minister Prince Faisal bin Farhan under the headline: "Statements Attributed to One of Russian President's Media Are Completely Devoid of Truth."