Date: 6 months ago   Category: Energy

The Energy Minister of Saudi Arabia has answered criticism with Trump to OPEC — Rambler News Service


The factors which have caused the current increase in prices for oil aren't market and don't depend on OPEC, the Minister of Energy, the industry and mineral resources of Saudi Arabia Khalid al-Falikh has said during the speech at the international forum "Russian Power Week". He has noted that generally current increase in prices for oil is caused by geopolitical tension. "It is factors which are independent of the market, they are out of our control" — al-Falikh has noted. "We will monitor a situation and in return to do everything to balance the market" — the minister has added. On September 25 the U.S. President Donald Trump during the performance at the session of the United Nations General Assembly has criticized activity of OPEC. He has said that member countries of OPEC have established too high prices of oil and have to begin their decrease.

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