Saudi minister warns sanctions, underinvestment may cause energy shortages

, and other Western powers have also imposed measures as they seek to further limit Moscow's ability to fund its war in Ukraine.

In response to a question on how the sanctions environment would affect the energy market, bin Salman told an industry conference in Riyadh: "All of those so-called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, a lack of energy supplies of all kinds when they are most needed".

The prince did not specifically mention Russia in his remarks. He said Saudi Arabia was working to send Ukraine liquefied petroleum gas , which is most commonly used as a cooking fuel and in heating. Asked what lessons had been learnt from energy market dynamics in 2022, Prince Abdulaziz said the most important one was for the rest of the world to "trust OPEC+".

"We are a responsible group of countries, we do take policy issues relevant to energy and oil markets in a total silo and we don't engage ourselves in political issues," the prince said.

Source: Energy Industry News (energyindustrynews.net)

It's all a sham, any excuse to raise prices/lower production.

Another price hike garbage

What an ugly people...

khashoggi

If others take action against them, they will retaliate.

Another reason for the UK to achieve energy independence and ditch a regime that executes men and women for speaking out.

사우디는 칼을 꺾어버리고 항복하라 그렇지 않으면 쏜다

Eu falei com um amigo.

Putin's Russians, Republican Americans and oil producing Islamic states are all the same people. All enemies of humanity.

Underinvestment caused by payment problem: We are off the USD standard, what else have you got?'

Liar

Then fucking Saudis are only interested in money and beating women. They are not men.

Agree.

sounds like a price hike is coming folks!!!

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