Saudi energy minister says countries should not misuse oil stocks

The comment appeared to be a criticism of U.S. President Joe Biden's decision to sell oil from the nation's"It is my profound duty to make clear to the world that losing emergency stocks may be painful in the months to come," the Saudi minister told the Future Initiative Investment conference in Riyadh.

Relations with the United States deteriorated earlier this month when the OPEC+ group of oil producers, of which Saudi is the de facto leader, decided to cut output, prompting the Biden administration to warn there would beThe prince said Saudi Arabia had chosen to be "the maturer" party when asked about how to get the energy relationship with the U.S. back on track.

"I keep hearing are you with us or against us? Is there any room for we are for Saudi Arabia and the people of Saudi Arabia," he said.Reporting by Aziz El Yaakoubi, Maha El Dahan and Nadine Awadalla, Editing by Louise Heavens and Barbara Lewis

Buy back all the shares if you don't like the free market. Fricking Saudi gangsters think they run the world. Thugs.

WhateverQ_Q Guys, stop blaming saudi with everything. Opec is an organization which consists of 23 countries including Iran which finance drone attacks on our oil industry. Most of price in the west because of taxes

Sure

Good same way Oil producing countries should not manipulate Production to push prices up? Think of Developing countries.

oil has put too much power in the hands of corrupt people

when those are out no more job for him

Saudi is still a terrorist fanatic country and the families of September11 do not forget.

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Saudi forum set to draw U.S. business leaders despite tensionsA public spat between the United States and Saudi Arabia will not deter top Wall Street executives and U.S. business leaders from a flagship investment event starting on Tuesday where the kingdom will seek deals to reduce its economy’s reliance on oil. President Joe Biden has vowed 'consequences' for U.S.-Saudi ties over an OPEC+ decision this month to cut oil output targets, which Riyadh defended as serving market stability. The dispute was the latest shadow to be cast over the annual Future Investment Initiative (FII), which was hit by a Western boycott over the 2018 murder of Saudi journalist Jamal Khashoggi and by the pandemic in 2020, leaving it a far cry from the 2017 inaugural event that Riyadh billed as 'Davos in the Desert'.
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