Comments by the Kremlin
- There is no price war between Russia and Saudi Arabia
- Our relations are good and doesn’t think anyone should intervene
- Says Russia has safety buffer against unfavourable oil prices
I would argue that you have to read between the lines with this one. The fact that the OPEC+ joint technical committee meeting was cancelled goes to show that both sides aren’t exactly on speaking terms right now, so believe what you will.
In any case, their official stance still shows no backing down just yet.