AGL 40.12 Increased By ▲ 0.12 (0.3%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.86 Increased By ▲ 0.18 (2.69%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.75 Decreased By ▼ -0.19 (-2.13%)
DFML 41.45 Decreased By ▼ -0.24 (-0.58%)
DGKC 83.50 Decreased By ▼ -0.27 (-0.32%)
FCCL 32.80 Increased By ▲ 0.03 (0.09%)
FFBL 76.30 Increased By ▲ 0.83 (1.1%)
FFL 11.80 Increased By ▲ 0.33 (2.88%)
HUBC 109.80 Decreased By ▼ -0.75 (-0.68%)
HUMNL 14.30 Decreased By ▼ -0.26 (-1.79%)
KEL 5.42 Increased By ▲ 0.03 (0.56%)
KOSM 8.18 Decreased By ▼ -0.22 (-2.62%)
MLCF 38.91 Decreased By ▼ -0.88 (-2.21%)
NBP 64.00 Increased By ▲ 3.71 (6.15%)
OGDC 196.70 Decreased By ▼ -2.96 (-1.48%)
PAEL 25.80 Decreased By ▼ -0.85 (-3.19%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 156.02 Decreased By ▼ -1.90 (-1.2%)
PRL 26.00 Decreased By ▼ -0.73 (-2.73%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 81.16 Decreased By ▼ -1.28 (-1.55%)
TELE 8.07 Decreased By ▼ -0.24 (-2.89%)
TOMCL 33.84 Decreased By ▼ -0.67 (-1.94%)
TPLP 8.70 Decreased By ▼ -0.36 (-3.97%)
TREET 16.76 Decreased By ▼ -0.71 (-4.06%)
TRG 57.50 Decreased By ▼ -3.82 (-6.23%)
UNITY 27.71 Increased By ▲ 0.28 (1.02%)
WTL 1.46 Increased By ▲ 0.08 (5.8%)
BR100 10,561 Increased By 154 (1.48%)
BR30 31,490 Decreased By -223.7 (-0.71%)
KSE100 98,569 Increased By 1240.3 (1.27%)
KSE30 30,687 Increased By 494.7 (1.64%)

DUBAI: Saudi Arabia, which has faced sharp criticism from the United States over OPEC+ oil output policy, "should not be blamed" for protecting its interests, Finance Minister Mohammed al-Jadaan said on Thursday.

Al-Jadaan made the comment in a televised interview with Al-Arabiya when asked about a recent remark by U.S. Secretary of State Anthony Blinken about the relationship between the two countries needing "recalibration".

President Joe Biden had pledged to impose consequences against Saudi Arabia after the OPEC+ oil producer alliance led by Riyadh earlier this month agreed to cut oil output targets ahead of U.S. mid-term elections in November and as Western nations discuss a price-cap on Russian oil. Russia is in OPEC+.

Saudi Arabia, the world's top oil exporter, defended the move as serving market stability.

Saudi energy minister says countries should not misuse oil stocks

"We should not be blamed for protecting the interests of the kingdom and its people," Jadaan told the Saudi-owned TV channel.

Echoing other Saudi officials, he said Riyadh's ties with the U.S. were strategic and decades-long and that relations were ongoing.

Blinken on Wednesday described as positive developments Saudi Arabia's recent moves to provide aid to Ukraine and its vote at the United Nations condemning Russia's annexation of Ukrainian territory, but said they did not compensate for the "wrong" OPEC+ decision.

Comments

Comments are closed.

Az_Iz Oct 27, 2022 05:14pm
OPEC lost money during Covid. Now they are making up for it, while they can.
thumb_up Recommended (0)
K Khan Oct 27, 2022 11:10pm
Opec and Ksa should not be blamed for bankrupting multiple low income nations while adding to its trillions.
thumb_up Recommended (0)