Saudi Arabia says it is not responsible for high crude oil prices Posted on March 21, 2022 by cngpump The announcement comes as the kingdom remains lockstep with OPEC and other oil-producing countries in a deal limiting increases in production and as energy prices rise higher amid Russia’s war on Ukraine. Related posts: Fertiliser subsidy may exceed RE by Rs 10K cr; fiscal deficit to remain close to 6.9% in FY22 UK Prime Minister Johnson to visit Saudi Arabia for oil supply talks Norway’s state company Equinor confirms trading halt in Russian oil IEA fears global crude oil supply ‘shock’ over Russia sanctions ONGC to gain from the record surge in oil and gas prices: Report India’s post-pandemic eco recovery progressing well; high oil prices pose risks: Ashima Goyal Retail fuel prices would need to be increased by 15% to reflect Int’l crude prices Crude oil futures gain on spot demand US says no decision made about ban on importing oil from Russia Global crude oil price surges amid warnings of supply shortages