Saudi Energy Minister: Security of oil supply is a priority

The oil ministers of Saudi Arabia and the United Arab Emirates were quoted by Reuters as saying that as the pressure on the oil-producing group to take military action against Russia in Ukraine increased, the oil-producing group should not enter politics.

Saudi Energy Minister Abdul Aziz bin Salman in response to a question about whether OPEC plus “Everyone has a policy behind them when holding meetings,” he said.

“If we did not do this, we (could not) deal with so many countries at different times. “(These cases) could be at one point with Iraq and at another time with Iran.”

OPEC Group plus Russia has been under intense pressure to increase production since February 24, when it launched military operations in Ukraine.

Both the UAE Minister of Oil and the Iraqi Minister of Oil said that the focus was on balancing the crude oil markets and satisfying consumers.

Saudi Arabia’s energy minister, Abdul Aziz bin Salman, said Russia produces enough oil every day, equivalent to about 10 percent of world consumption.

He added: “If the security of oil supply is endangered, the world economy will suffer.” Security is now a priority, and some countries have forgotten about energy efficiency.

UAE Oil Minister Soheil Al-Mazrouei also said that the United States must be realistic and understand that the OPEC Producers Coalition plus Seeks the interests of consumers.

He stressed that the United States should not dictate its policy (to others), noting that the only OPEC mission plusMarket stabilization and supply تاحد It is possible to supply oil, and the pressure to drive out any of the partners in the oil alliance will only lead to higher prices. (More details)

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