The Saudi government has said it is not responsible for the fall in international crude oil supplies and rising fuel prices.
Yemen’s Houthi extremists have targeted oil wells in Saudi Arabia, the world’s largest oil exporter, and oil supplies have been cut off and prices soared.
At the same time, Saudi Arabia continues to press the Organization of the Petroleum Exporting Countries (OPEC) to increase crude oil prices by reducing oil production. With fuel prices already high in many countries, suspicions have been raised internationally that Saudi Arabia is acting with intent to inflate crude oil prices using a small-scale offensive.
In a statement, the Foreign Ministry said, “Crude oil production is falling and prices are rising as Yemeni clashes target our country’s oil wells. We cannot be held responsible for this. “
Earlier this month, crude oil hit a record high of $ 140 a barrel during the Russia-Ukraine war. Now a barrel is worth 112 US dollars. However, it is worth noting that this is $ 15 more than the pre-Russia-Ukraine war.