OPEC+ Tells the World: Your Energy Crisis Isn’t Our Problem

OPEC+ ignored demands for a bigger oil-production increase, instead blaming their customers’ economic woes on soaring prices of natural gas and coal.

“Oil is not the problem,” Saudi Energy Minister Prince Abdulaziz bin Salman told reporters after a meeting on Thursday, when the cartel emphatically rejected President Joe Biden’s request to quicken the pace of its supply hikes. “The problem is the energy complex is going through havoc and hell.”