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

25/10/2022 Argaam
Saudi Minister of Energy Prince Abdulaziz bin Salman

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.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.