The global economic outlook is depressed, and the crude oil price in the international market continues to fall due to the relationship between supply and demand. The outbreak of new coronary pneumonia has once again reduced the market demand. As the world's largest oil exporter, at the recent meeting of the Organization of Petroleum Exporting Countries, Saudi Arabia hoped that member countries would continue to reduce production. Based on the current reduction of 210.5 million barrels per day, the total output will be reduced to 3.6 million barrels per day. However, the proposal was rejected by Russia. In fact, Russia had previously considered withdrawing from the OPEC production reduction plan. Russia's economic difficulties do not allow it to continue to reduce its fiscal revenue. The Russian government is facing severe economic and political pressure, and reducing fiscal revenue will only make the situation worse.

Russia's rejection actually means the division and death of OPEC, because you don't want to lower the price, so you can fight for it. Saudi Arabia announced that its oil production will rapidly increase from 9.7 million barrels per day to100000 barrels per day, and will reach120000 barrels per day in the future. In September last year, Saudi Arabia's main oil production facilities were attacked by cruise missiles and unmanned reconnaissance planes, which reduced the oil production by half, but it soon resumed production at 10.

Not only that, Saudi Aramco even announced that the price of oil sold to Asia dropped by $ 4-6 per barrel in April, while the price of oil sold to the United States also dropped by $7 per barrel. The price of light crude oil decreased by $65,438+$00.25 per barrel. In contrast, similar crude oil in Russia can only be reduced by about $2. Obviously, Saudi Arabia's retaliatory price war is aimed at Russia. Many international organizations believe that the international crude oil price may drop from about $45 to $20 or even 10. Saudi Arabia is using its own oil weapons to force Russia to return to negotiations. Otherwise, the financial bankruptcy of the Russian government is only a matter of time. Compared with the 20 14 occupation of Crimea, the political isolation of the United States and the European Union, economic sanctions and military confrontation with Russia, the sword held by Saudi Arabia is the biggest sword that threatens Russia.