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Saudi Arabia , Friday 17 April 2026

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

Published on: Monday 21 March 2022

Saudi Arabia says it's not responsible for high oil prices DUBAI, United Arab Emirates (AP) — Saudi Arabia said Monday that it “won't bear any responsibility" for a shortage in global oil supplies after a fierce barrage of attacks by Yemen's Houthi rebels affected production in the kingdom, the world's largest oil exporter. The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets. The s



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