Saudi Minister: Using Emergency Oil Reserves ‘May Become Painful in the Months to Come’
Posted on AllSides October 27th, 2022
From The Center
Photo by Vladimir Simicek / AFP via Getty Images
As the Biden administration ponders the path ahead in its strained relationship with Riyadh over oil production cuts, the Saudi energy minister has warned that decisions by some to use emergency oil stocks “may become painful in the months to come.”
Abdulaziz bin Salman said that “people” were using emergency oil reserves to manipulate markets rather than their intended purpose of mitigating shortages of supply.
In a further apparent swipe at the United States, he insinuated that the U.S. reaction to the October 5 decision by OPEC+ to reduce oil...
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