Wednesday, July 18, 2018


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The Organisation of Petroleum Exporting Countries, OPEC, has deflected criticism by United States President Donald Trump over low output.


President Trump had accused OPEC of keeping oil outputs low to drive prices higher, and stepped up pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.


But OPEC President Suhail Al-Mazrouei said the oil cartel alone cannot be blamed for all the problems that are happening in the industry.


Mazrouei said the group was being responsive in terms of measures that were adopted at its last meeting in June.

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