Business Standard

Saudi Arabia says it's not responsible for high oil prices

It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis

Oil, Brent Crude, Oil Prices, Oil Companies

AP Dubai
Saudi Arabia says it won't bear any responsibility for any shortage in oil supplies to global markets after attacks by Yemen's Iran-backed Houthi rebels affected the kingdom's production.
Saudi Arabia made the announcement in a statement on Monday carried by the state-run Saudi Press Agency.
It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis.
On Sunday, Yemen's rebels launched a series of attacks targeting the kingdom's oil and natural gas production.
Benchmark Brent crude oil stood at over USD 112 a barrel in trading Monday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 21 2022 | 5:20 PM IST

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