{"id":1410668,"date":"2022-03-30T15:00:12","date_gmt":"2022-03-30T19:00:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1410668"},"modified":"2022-03-30T15:00:18","modified_gmt":"2022-03-30T19:00:18","slug":"saudi-arabia-riyadh-cant-guarantee-oil-supply-due-to-houthi-attacks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-arabia-riyadh-cant-guarantee-oil-supply-due-to-houthi-attacks\/","title":{"rendered":"Saudi Arabia: Riyadh Can&#039;t Guarantee Oil Supply Due to Houthi Attacks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsaudi-arabia-riyadh-cant-guarantee-oil-supply-due-to-houthi-attacks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1410668&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday recent attacks on Saudi oil facilities by Yemen\u2019s Houthi terrorists have <a href=\"https:\/\/english.alarabiya.net\/News\/gulf\/2022\/03\/29\/OPEC-focused-on-common-good-regardless-of-politics-Saudi-energy-minister\">compromised<\/a> Riyadh\u2019s ability to supply the globe with sufficient energy, the Associated Press reported.<\/p>\n<p>Speaking at the United Arab Emirates (U.A.E.)-sponsored World Government Summit in Dubai on March 29, Bin Salman referenced \u201cattacks by Yemen\u2019s Iran-backed Huthi rebels on Saudi oil facilities, including a wave of drone and missile strikes on Friday [March 25],\u201d according to Agence France-Presse (AFP).<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The Saudi energy minister <a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/03\/oil-volatility-worse-without-opec-bloc-includes-russia-saudi\">said<\/a> these attacks had \u201cput into question our ability to supply the world with the necessary energy requirements.\u201d<\/p>\n<p>\u201cIn the old days, we, along with our friends here in the UAE, worked on a collective effort to assure and ensure energy security. These pillars are no longer there,\u201d Bin Salman observed.<\/p>\n<p>Yemen\u2019s Houthi jihadists have claimed responsibility for a recent spate of <a href=\"https:\/\/www.breitbart.com\/national-security\/2022\/03\/25\/fireball-consumes-oil-facility-as-houthis-launch-terror-campaign-deep-in-saudi-arabia\/\">assaults<\/a> on oil plants in neighboring Saudi Arabia. The governments of the U.S. and Saudi Arabia have said the Houthis are armed by Iran, though Tehran denies the allegation.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>The Houthi terrorist group overthrew the legitimate government of Yemen in 2015, prompting a civil war that continues today. The Shiite jihadist group is aligned with Iran and operates under the slogan \u201cAllahu Akbar, Death to America, Death to Israel, a Curse on the Jews, Victory to Islam.\u201d<\/p>\n<p>President Joe Biden delisted the Houthis as a foreign terrorist organization as one of his first acts in office.<\/p>\n<div id=\"attachment_20448488\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/03\/GettyImages-1239512326.jpg\"><\/a><\/p>\n<p class=\"wp-caption-text\"><em>A Pakistan International Airlines (PIA) aircraft flies above as smoke rises from a Saudi Aramco oil facility in Saudi Arabia\u2019s Red Sea coastal city of Jeddah, on March 26, 2022, following a reported Yemeni rebels attack. (ANDREJ ISAKOVIC\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<p>Bin Salman alluded to Riyadh\u2019s contentious relationship with Tehran, its regional rival, on Tuesday when explaining Saudi Arabia\u2019s decision not to push Russia out of an oil production alliance it heads called the Organization of the Petroleum Exporting Countries Plus (OPEC+). Iran has been a member of the Saudi-led OPEC (the progenitor of OPEC+) since its <a href=\"https:\/\/www.opec.org\/opec_web\/en\/about_us\/24.htm\">founding<\/a> in 1960.<\/p>\n<p>\u201cWhen we get into the OPEC meeting room or building, everybody leaves his politics outside the door of the building, and that culture has been with us,\u201d Bin Salman said on March 29 in Dubai.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>\u201cWe managed to compartmentalize our political differences from what is for the common good of all of us,\u201d he added.<\/p>\n<p>The U.S. government has pressured Riyadh to oust Moscow from OPEC+ since February 24 when Russia <a href=\"https:\/\/tass.com\/politics\/1409329\">launched<\/a> a military invasion of Ukraine. Washington has <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/02\/24\/fact-sheet-joined-by-allies-and-partners-the-united-states-imposes-devastating-costs-on-russia\/\">led<\/a> the globe in <a href=\"https:\/\/graphics.reuters.com\/UKRAINE-CRISIS\/SANCTIONS\/byvrjenzmve\/\">imposing<\/a> a raft of financial sanctions on Moscow since late February as part of a concerted effort to punish Russia for its decision to go to war with Ukraine. The U.S.-led campaign has also <a href=\"https:\/\/www.nbcnews.com\/politics\/white-house\/biden-says-allies-must-stay-united-russia-expel-g20-rcna21381\">encouraged<\/a> global financial institutions, such as the Group of 20 (G20) major economies, to blacklist Russia and deny it further membership.<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cThe U.S. and its partners are asking to politicize [OPEC\u2019s relationship with Russia.] We will not do it,\u201d U.A.E. Energy Minister Suhail bin Mohammed al-Mazrouei said on March 29 in Dubai at the World Government Summit, as <a href=\"https:\/\/www.wsj.com\/articles\/saudis-u-a-e-rebuff-calls-to-sever-russian-oil-alliance-11648557534?st=s2ybbrzirrr5ob7&#038;reflink=desktopwebshare_permalink\">quoted<\/a> by the\u00a0<em>Wall Street Journal <\/em>(<em>WSJ<\/em>).<\/p>\n<p>\u201cMr. Mazrouei said he hadn\u2019t been contacted by the U.S., but he had heard from OPEC colleagues and public statements that the OPEC alliance with Russia had been condemned in the U.S.,\u201d according to the <em>WSJ<\/em>.<\/p>\n<div id=\"attachment_20448497\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/03\/GettyImages-1239516579.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-20448497\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/03\/GettyImages-1239516579-1024x634-1.jpg\" alt=\"\" width=\"990\" height=\"613\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>A policeman stands guard as firefighters extinguish the last hearths of fire at a Saudi Aramco oil facility in Saudi Arabia\u2019s Red Sea coastal city of Jeddah, on March 26, 2022, a day after a Yemeni rebels attack. (AFP via Getty Images)<\/em><\/p>\n<figure id=\"M-ROS-B4\" class=\"a8d adSo\"><\/figure>\n<\/div>\n<p>Echoing the comments made by his Saudi counterpart on Tuesday, Al-Mazrouei said OPEC has refused to oust Iran from OPEC during the organization\u2019s 62-year-long history \u201cdespite the fact they are throwing us missiles.\u201d<\/p>\n<p>He explained that OPEC has allowed Iran to maintain OPEC membership because booting even a single member from the group would drive up oil prices.<\/p>\n<p>\u201cOur aim is to calm the market, trying to come up with volumes as much as possible, and if we are asking anyone to leave, then we are raising the prices, then we are doing something against what the consumers want,\u201d Al-Mazrouei said on March 29.<\/p>\n<p>\u201cMr. Mazrouei said kicking Russia out of the alliance [OPEC+] would cause oil prices to rise,\u201d <em>WSJ<\/em> reported of the U.A.E. energy minister\u2019s further remarks on Tuesday in Dubai. \u201cHe and other OPEC leaders say that increasing oil production would result in investors looking with worry at the group\u2019s shrinking spare capacity\u2014the amount to which they can increase production.\u201d<\/p>\n<p>\u201cConsumers are asking us to calm the prices. How can we squeeze some of the partners out?\u201d Al- Mazrouei added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday recent attacks on Saudi oil facilities by Yemen\u2019s Houthi terrorists have compromised Riyadh\u2019s ability to supply the globe with sufficient<\/p>\n","protected":false},"author":37,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1410668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1410668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1410668"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1410668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1410668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1410668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1410668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}