Saudi Power Minister Prince Abdulaziz bin Salman is “at all times comfy” with crude costs, he mentioned on Monday, including that it was the US authorities’s prerogative whether or not to launch provide from strategic petroleum reserves.
For the most recent headlines, observe our Google Information channel on-line or through the app.
President Joe Biden’s administration mentioned in November it might launch about 50 million barrels from its reserves along side different client nations, resembling China, India and South Korea, to fight the rising price of gasoline.
“I’m at all times comfy,” the Saudi minister instructed reporters in Dubai, in response to a query about costs persevering with to rise. “The phrase ‘concern’ isn’t in my vocabulary.”
The minister was attending the opening of the Abu Dhabi Sustainability Week Summit on the Expo 2020 website.
Nord Stream 2 ‘unrelated’ to Ukraine battle: German minister
Saudi power min requires flexibility in ‘difficult’ power transition
Mining agency Ma’aden aiming for carbon neutrality by 2050: Saudi PIF chief