“If Saudi oil exports come under restrictions, we will not sell oil to any country that imposes a price ceiling on our supplies, and we will reduce oil production,” the minister said in an interview with Energy Intelligence.
He noted that he would not be surprised if other countries do the same.
According to him, the policy of limiting oil prices provokes volatility in the market and slows down the development of the industry.
On May 5, the US Senate Judiciary Committee approved the NOPEC (No Oil Producing and Exporting Cartels Act) anti-cartel bill.
It is assumed that the document will allow the federal government to file antitrust lawsuits against members of OPEC in the courts.