The report is in the Financial Times, but as posted earlier, the FT is gated:
- Saudis say they'll pump more oil if Russian output falls - oil price falls
- FT report Saudis will pump more if Russian output falls - US/Saudi relations improving?
Reuters have a summary up, which is not gated:
- Saudi Arabia is prepared to raise its oil production if Russia's output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday, citing sources.
- Discussions had been held about an immediate increase in production from Saudi Arabia and the United Arab Emirates, which could be announced at Thursday's OPEC+ meeting, according to the report, citing a diplomatic source.
This is the link to the Reuters report (the FT links are in the posts above if you can access the newpaper)
Oil dropped further on the news and has settled a little more sideways the past couple of hours:
