Saudi energy minister warns using emergency stocks may be ‘painful’

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Tue, 2022-10-25 17:48

RIYADH: Saudi Arabia’s 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.

“It is my duty to make clear that losing emergency stocks may be painful in the months to come,” the minister said addressing the Future Initiative Investment (FII) conference in Riyadh.

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