Russian President Vladimir Putin (L) and Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance of Saudi Arabia, during an official welcome of G20 heads of state and government, heads of invited states and international organizations at the G20 summit on September 5, 2013 in St. Petersburg, Russia. Alexey Kudenko/Host Photo Agency via Getty Images MOSCOW (Reuters) - Saudi Arabia has destabilized the global oil market by increasing production, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Monday.

"Saudi Arabia has this year increased production by 1.5 million barrels per day, thus effectively destabilizing the situation on the market," Novak was quoted as saying.

(Reporting by Polina Devitt; editing by Maria Kiselyova)