Russia and Saudi Arabia are at odds after a flood of Russian oil supply pushed the commodity's price below a key break-even level needed to fund Saudi projects
and that the oil-rich nation has expressed its anger at Russia for not following through on its pledge to throttle production, the report said, citing people familiar with the matter.
Members of OPEC+ said in early April that they would reduce oil output to help prop up oil prices. Butas it seeks to generate revenue to help fund its struggling economy and war effort. Saudi Arabia needs oil above a key break-even level of $81 per barrel to help fund its massive budget of so-called gigaprojects, which include a 110-mile long city in the desert called"The Line" and a resort in the Red Sea that's the size of Belgium.
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