AIRLINK 66.80 Increased By ▲ 2.21 (3.42%)
BOP 5.67 Increased By ▲ 0.07 (1.25%)
CNERGY 4.63 Decreased By ▼ -0.09 (-1.91%)
DFML 22.32 Increased By ▲ 1.56 (7.51%)
DGKC 69.76 Decreased By ▼ -1.64 (-2.3%)
FCCL 19.62 Decreased By ▼ -0.33 (-1.65%)
FFBL 30.20 Decreased By ▼ -0.25 (-0.82%)
FFL 9.90 Decreased By ▼ -0.15 (-1.49%)
GGL 10.05 No Change ▼ 0.00 (0%)
HBL 115.70 Increased By ▲ 4.70 (4.23%)
HUBC 130.51 Decreased By ▼ -0.33 (-0.25%)
HUMNL 6.74 Decreased By ▼ -0.11 (-1.61%)
KEL 4.35 Decreased By ▼ -0.04 (-0.91%)
KOSM 4.80 Increased By ▲ 0.46 (10.6%)
MLCF 37.19 Decreased By ▼ -0.56 (-1.48%)
OGDC 133.55 Decreased By ▼ -0.30 (-0.22%)
PAEL 22.60 Increased By ▲ 0.03 (0.13%)
PIAA 26.70 Decreased By ▼ -0.85 (-3.09%)
PIBTL 6.25 Decreased By ▼ -0.06 (-0.95%)
PPL 113.95 Decreased By ▼ -1.00 (-0.87%)
PRL 27.15 Decreased By ▼ -0.07 (-0.26%)
PTC 16.13 Decreased By ▼ -0.37 (-2.24%)
SEARL 59.70 Decreased By ▼ -1.00 (-1.65%)
SNGP 66.50 Increased By ▲ 1.35 (2.07%)
SSGC 11.21 Decreased By ▼ -0.14 (-1.23%)
TELE 8.94 Decreased By ▼ -0.03 (-0.33%)
TPLP 11.34 Increased By ▲ 0.09 (0.8%)
TRG 69.36 Increased By ▲ 0.31 (0.45%)
UNITY 23.45 Increased By ▲ 0.01 (0.04%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 7,312 Decreased By -12.8 (-0.17%)
BR30 24,105 Increased By 47 (0.2%)
KSE100 70,484 Decreased By -60.9 (-0.09%)
KSE30 23,203 Increased By 11.5 (0.05%)

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)