Monday, September 24, 2018 3:58:30 PM
Saudi Arabia Declares Inability to Affect Oil Market

Saudi Energy, Industry and Petroleum Minister Khalid Al-Falih said on Sunday that his country was unable to influence oil prices, two days after US President Donald Trump asked OPEC to reduce fuel prices.

This came during a statement by the Saudi minister today in Algeria, ahead of the joint meeting of OPEC ministers and independent producers, including Russia, to discuss the situation in the world crude markets.

Trump published a tweet on Thursday on Twitter accusing the OPEC in monopolizing oil market, calling on the Organization to work to reduce fuel prices immediately, against the backdrop of the rise in the price of crude international benchmark "Brent" to $ 80 per barrel this month.

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