Saudi crown prince says rise in oil prices not meant to help Russia

WASHINGTON — Saudi Crown Prince Mohammed bin Salman said in a US television interview on Wednesday that OPEC’s decision to cut oil production was based on market stability and was not intended to help Russia wage its war in Ukraine.

“We just watch supply, demand. If there is shortage of supply our role in OPEC+ is to fill that shortage. If there is oversupply our role of OPEC+ is to measure that for the stability of the market,” the crown prince said in an interview on Fox News. — Reuters