Saudi Energy Minister warns withdrawing from emergency stocks may be ‘painful’

Saudi Minister of Energy Prince Abdulaziz bin Salman

Saudi Minister of Energy Prince Abdulaziz bin Salman said some are withdrawing from their emergency stocks and using them as a mechanism to manipulate markets when their purpose should be to mitigate any shortages of supply.

 

"It is my duty to make clear that losing emergency stocks may be painful in the months to come," the minister told the Future Investment Initiative (FII) Conference, today, Oct. 25.

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