complaining in a pair of tweets that the Middle-East-dominated group is to blame for crude costs lately hovering to multi-year highs.
“Oil is not a weapon — it is not a political tool to be used against some countries, producers or consumers,” Iranian Oil Minister Bijan Zanganeh informed reporters on Tuesday in Vienna, Austria the place OPEC and non-OPEC producers, together with Russia, are due to meet this week.
“OPEC is not a political organization and I believe it is necessary for OPEC to support this idea that the market should be depoliticized and condemn any use of oil as a weapon or as a tool against some countries,” he added.
Trump, maybe cautious of the typical U.S. gasoline value hovering close to $three a gallon, has sought to maintain OPEC accountable for a latest upswing in oil costs.
However, Zanganeh stated it was Trump who had created problem for the oil market by imposing sanctions towards Iran and Venezuela but he now expects OPEC to cope with the implications by pumping extra.
“President Trump thinks that [he] can order OPEC and instruct to OPEC to do something… It’s not fair, I think, and OPEC is not a part of the Department of Energy of the United States,” Zanganeh stated.