Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

KSA minister: High gas prices due to Washington's incompetency

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Oct 2022 12:13
  • 4 Shares
3 Min Read

Saudi Minister of State Adel Al-Jubeir points to Washington's production shortages for its drive behind high gas prices at home.

  • x
  • Fox News' exclusive interview with Saudi Head of State, Adel Al-Jubeir.
    Fox News' exclusive interview with Saudi Minister of State, Adel Al-Jubeir.

Responding to Washington's furious reaction that OPEC+, led by Saudi Arabia, has decided to cut oil production by 2 million barrels a day, Saudi Minister of State Adel Al-Jubeir pointed to Washington's incompetency in dealing with the high prices at home. 

"With due respect, the reason you have high prices in the United States is because you have a refining shortage that has been in existence for more than 20 years. You haven't built refineries in decades," said Adel Al-Jubeir speaking to Fox News on Friday. 

Al-Jubeir pointed at US President Joe Biden for the high gas prices, saying that Washington should have been extracting more oil from US wells, increasing fuel production at home. 

OPEC+'s cutting production by 2 million barrels a day, according to Washington, is a huge boost for Russia as the European Union works to enforce a ban on Russian oil. The OPEC+ alliance, in this context, aligns with Russia's interests according to Washington. 

"Oil is not a weapon. It's not a fighter plane. It's not a tank. You can't shoot it. You can't do anything with it. We look at oil as a commodity and we look at oil as important to the global economy in which we have a huge stake. The idea that Saudi Arabia would do this to harm the U.S. or to be in any way politically involved is absolutely not correct at all," said Al-Jubeir. 

Related News

US, China to resume talks in Madrid; tariffs, TikTok on agenda

China warns Philippines against provocations in South China Sea

Listen to Saudi Arabian minister of state and Climate Envoy Adel Al-Jubeir 🎙

Regarding the blame game that been played against Saudi 🇸🇦 and it's role in the oil market.

" Oil is not a weapon to be used"#OOTT #OPEC pic.twitter.com/J9dwI7339a

— عايض آل سويدان (@AyidhSalemQ) October 8, 2022

Shifting the motives behind Biden's recent visit to Saudi Arabia, Al-Jubeir said that oil prices were not necessarily up for discussion in Riyadh, but rather their bilateral relationship. 

Karine Jean-Pierre, White House spokesperson, described OPEC+'s decision as a "mistake" and that it was "misguided."

In addition to the production cuts, OPEC+ also announced that it will be cooperating further with members of the OPEC cartel as well as non-members - and most importantly, Russia. 

OPEC+ justified its decision by arguing that it was based on "the 'uncertainty that surrounds the global economic and oil market outlooks."

The Biden administration has recently assembled its top energy, economic, and foreign policy officials and entrusted them with lobbying Middle East allies such as Saudi Arabia, the United Arab Emirates, and Kuwait to vote against decreasing oil production.

To persuade its OPEC allies, the US proposed to purchase back up to 200 million barrels of oil from its OPEC partners.

  • United States
  • Adel Al-Jubeir
  • Russia
  • Saudi Arabia
  • OPEC+
  • Joe Biden

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS