Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what he sees as “Saudi blackmail,” sources familiar with Moscow’s thinking told Bloomberg . The OPEC+ coalition between OPEC’s leader Saudi Arabia and the leader of the non-OPEC nations in the production cut deal, Russia, abruptly ended earlier this month after Russia refused to back a huge additional supply cut in response to depressed demand. Saudi Arabia didn’t take that break-up too well, and made a U-turn in its oil policy, saying it will be pumping at will and supply the oil market with record-high volumes of crude oil in the coming months. Russia isn’t backing down either, promising to boost production, too. OPEC members Saudi Arabia and the United Arab Emirates (UAE) are flooding the oversupplied market with oil […]