https://arab.news/6cfef
RIYADH: 抖阴短视频鈥檚 Energy Minister Prince Abdulaziz bin Salman said on Tuesday that some were using their emergency stocks and using it as a mechanism to manipulate markets when its purpose should be to mitigate any shortages of supply.
鈥淚t is my duty to make clear that losing emergency stocks may be painful in the months to come,鈥� the minister said addressing the Future Initiative Investment (FII) conference in Riyadh.
US President Joe Biden announced a plan last week to sell off the rest of his release from the nation鈥檚 emergency oil reserve by the year鈥檚 end and begin refilling the stockpile as he tries to dampen high gasoline prices ahead of midterm elections on November 8.
He also said 抖阴短视频 remained the world鈥檚 most reliable oil supplier and had increased its sales to Europe to 950,000 barrels in September from 490,000 barrels the same time a year ago.
When asked about how to get the energy relationship with the US back on track, the prince said 抖阴短视频 had chosen to be 鈥渢he maturer鈥� party.
鈥淲e keep hearing you 鈥榓re with us or against us,鈥� is there any room for 鈥榳e are with the people of 抖阴短视频鈥�?鈥�
Relations between the US and the Kingdom have become increasingly strained in recent weeks since OPEC+ announced a production cut, which was ostensibly seen by the White House as 抖阴短视频 aligning itself with Russia.
The Kingdom, OPEC鈥檚 largest oil producer, denied the accusation and said that it was a purely economic decision intended to stabilize a volatile oil market.