Parliamentary Finance: Saudi Arabia and America flooded black markets with oil to reduce prices
18:37 - 22/09/2019
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The United States and Saudi Arabia flooded black markets with large quantities of crude oil to cut prices, the Finance Committee said on Sunday.
"Riyadh produces seven million barrels of oil per day within OPEC, but the surplus amounts go to black markets," committee member Hanin Qaddo told Al-Maalouma. Its prices. ”
He added that "quantities exported to black markets make the price of oil subject to volatility and instability and this is what America wants," noting that "Washington is trying through pumping quantities of oil to reduce prices to 50 dollars."
Oil prices rose in Asian trading last week, after days of turmoil, to calm the markets thanks to Saudi Arabia's pledge to restore full production by the end of September at facilities damaged by attacks by drones and missiles over the weekend.
Last week's drone attack on Saudi facilities killed more than half of the country's daily oil production. Finished 25 T.