Riyadh: Saudi Minister of Energy Prince Abdulaziz bin Salman has said that blaming OPEC+ aims to divert attention from the rise in prices of other energy types. In remarks made on Wednesday, he said it ignored the increase in natural gas and coal prices.
Not mentioning the rise in gas and coal prices and focusing only on oil, they do not want to draw attention to themselves. Therefore the Saudi minister said, “they blamed OPEC+.”
The prince added that the world had exhausted all production capacity, including strategic oil reserves; and this was not asked for or caused by OPEC+, especially Saudi Arabia and the UAE.
He also pointed out that the world should reconsider OPEC+; as it has always been a source of long-term stability of supplies.