Monday, 9 July 2018

Don't blame us, we're doing our part: Opec's response to Trump's criticism

Opec, crude oil

The president of Opec on Monday defended the oil producer group against US President Donald Trump's recent demands for higher oil output, saying Opec does not shoulder the blame. Trump has accused the Organization of the Petroleum Exporting Countries in recent weeks of driving gasoline prices higher and urged the group to do more. "Opec alone cannot be blamed for all the problems that are happening in the oil industry, but at the same time we were responsive in terms of the measures we took in our latest meeting in June," Organization of the Petroleum Exporting Countries president Suhail al-Mazrouei told Reuters in an interview in Calgary, Alberta. "I feel Opec is doing its part." Mazrouei said Opec is willing to listen to major oil-producing countries, including the United States.

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