WATCH: Saudi Energy Minister warns US consumers over Biden's depletion of emergency energy stocks
"Countries have depleted their emergency energy stocks to manipulate the markets. This will become painful in the months to come.”
MEMRI - Middle East Research Institute 02.11.2022
Saudi Energy Minister Prince Abdulaziz Bin Salman said at the Future Investment Initiative (FII) forum in Riyadh, Saudi Arabia on October 25, 2022 that in the energy dispute between Saudi Arabia and the United States, the Saudis have decided to be the “maturer guys” and to "let the dice fall where they may".
He said that some countries have depleted their emergency energy stocks in order to manipulate global markets rather than preserve them in order to mitigate shortages, but that this may “become painful in the months to come.”
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