Saudi defends oil policy in face of US charges - News Summed Up

Saudi defends oil policy in face of US charges


Saudi Crown Prince Mohammed bin Salman bumps fists with US President Joe Biden at Al-Salam Palace in the Red Sea port of Jeddah on July 15, 2022. "We are astonished by the accusations that the kingdom is standing with Russia in its war with Ukraine," the Saudi defence minister, Prince Khaled bin Salman, tweeted late Sunday. "Although the OPEC+ decision, which was taken unanimously, was due to purely economic reasons, some accused the kingdom of standing with Russia. "Iran is also a member of OPEC, does this mean that the kingdom is standing with Iran as well?" In a speech broadcast on Sunday night, Saudi King Salman bin Abdulaziz Al Saud insisted his country was "working hard, within its energy strategy, to support the stability and balance of global oil markets".


Source: Daily Nation October 17, 2022 12:05 UTC



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