Kuwait's "OPEC" newspaper in Tramp: do not hold us alone

Trump has accused OPEC in recent weeks of driving up fuel prices and asking for more action.

OPEC President Suhail al-Mazroui defended the organization in the face of recent claims by US President Donald Trump on the increase in oil production, saying OPEC should not be held responsible.

Al-Mazrouei said in an interview with Reuters, "OPEC can not be blamed solely for all the problems in the oil sector, but at the same time we respond to the procedures. took at our previous meeting in June, "I think Opec is doing what it needs to do," he said, adding that OPEC was ready to listen to the main oil-producing countries, including the United States.

Crude oil prices rose steadily this year, boosted by rising demand, and exceeded $ 80 a barrel in May. three and a half years.

Al Mazrouei, who is also finance minister, said: OPEC members have sufficient capacity to deal with sudden disruptions in global supplies, adding that the organization seeks to balance supply and demand, and does not target a specific price for crude.

He said that he did not expect to be invited to a special meeting of OPEC members before the meeting scheduled for December.

Oil prices rose by more than a dollar a barrel yesterday, due to the increasing disruption of supplies globally. Norway has closed an oil field, while hundreds of workers have begun And the announcement of Libya that production has fallen by more than half in recent months. Delays aggravate supply problems around the world.

Venezuela's production has collapsed due to a lack of investment and Iranian exports are facing difficulties under US sanctions. Meanwhile, Opec's excess capacity to bridge the gap is limited as crude oil demand accelerates. London Brent Brent was up $ 1.13 per barrel, or 1.4%, to $ 79.20 a barrel after the price rose 1.2% yesterday and US futures futures were up increased by 53 cents or 0.7% to $ 74.38. Mitsubishi UFJ Growing concern over supplies could push Brent above $ 85 a barrel.

Hundreds of Norwegian offshore oil and gas drilling workers began a strike today after rejecting a proposed wage deal, Operation "Shell"

This may exacerbate the impact of disruptions in D & D. Other producing countries

The National Oil Corporation of Libya declared that the country's crude oil production fell to 527,000 barrels per day, compared to 1.28 million barrels per day recorded in February, after the closure of oil ports lately.