Algiers — Saudi energy minister Khalid al-Falih on Sunday rejected accusations by US President Donald Trump that OPEC was keeping oil prices elevated through anti-competitive behavior. Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC has increased production “a good amount” since June, Falih noted, offsetting declines in member countries Iran and Venezuela, as well as non-OPEC Mexico. As a result, “markets are quite balanced today,” he told reporters in Algiers just before chairing a meeting of the monitoring committee overseeing the OPEC/non-OPEC supply accord. “There is plenty of supply to meet any market need.” OPEC pumped 32.89 million b/d in August, according to the latest S&P Global Platts survey of OPEC production, up 670,000 b/d from May, not including the Republic of Congo, which joined the organization in June. Trump on Thursday tweeted at OPEC for the fifth time, scolding the producer bloc as […]