Saudi official: Oil is not a weapon/We are not the reason for the increase in American fuel prices.
A senior official of Saudi Arabia rejected claims that the country is the cause of the increase in fuel prices in the United States and linked the problem to the low capacity of American oil refining.
In an interview with Fox News, Adel Al-Jubeir, Saudi Arabia’s Minister of Foreign Affairs, linked the increase in fuel prices in the United States to the lack of construction of a refinery in this country.
Fox News, written by Adel Al-Jubeir, rejected the claims that Saudi Arabia is the cause of the increase in fuel prices in the United States and emphasized that his country does not view oil as a weapon.
In an interview with Fox News, the Saudi official clarified: “With all due respect, the reason you are facing high fuel prices in the United States is because you are facing a shortage of [oil] refining, and this is a problem that has been going on for more than 20 years.” there have been. “You haven’t built a refinery in decades.”
With OPEC+’s decision to cut production for the largest time since 2020, oil prices rose on Friday and were on track for a second weekly increase in oil prices.
The decision to cut production was made by the crude oil exporting countries (OPEC) and its allies such as Russia, known as OPEC+, while the oil markets are ready for the implementation of the Russian oil embargo by the European Union. OPEC Plus’ action could put more pressure on supply in an already tight market.
The White House has tried to dissuade Saudi Arabia from reducing oil production in OPEC Plus due to high fuel prices in the United States. In addition, the Biden administration has not increased the domestic oil production capacity.
Adel Al-Jubeir claimed that Saudi Arabia does not have a political view on the oil issue. “Oil is not a weapon,” he said. Not a fighter, not a tank. It cannot be shot. Nothing can be done with it.”
