Saudi Arabia not responsible for high oil prices!

Saudi Arabia not responsible for high oil prices!

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Insight Bureau: Saudi Arabia said on Monday that it is not responsible for a shortage in global oil supplies after a fierce barrage of attacks by Yemen’s Houthi rebels affected production in the kingdom, the world’s largest oil exporter.

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The unusually stark warning marked a departure from the giant oil producer’s typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets.

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