AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

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)