Saudi Arabia criticizes Biden over oil reserve release

Saudi Arabia blasts release of oil reserves ‘to manipulate markets’

“Saudi Arabia and the US have been allies for the last 75 years... They’ll work it through,” says JP Morgan's top official.

Saudi Arabia slams US for using oil reserves to manipulate prices, warns of ‘painful’ future

“People are depleting their emergency stocks,” said Saudi Arabia's energy chief Prince Abdulaziz bin Salman.

Saudi blasts release of oil reserves 'to manipulate markets'

The cartel's decision, weeks ahead of US congressional elections, has drawn intense criticism from the White House, which has said it amounted to "aligning with Russia" in the Ukraine war.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

Saudi blasts release of oil reserves 'to manipulate markets' in apparent swipe at Biden

Saudi blasts release of oil reserves 'to manipulate markets' in apparent swipe at Biden

Saudi Arabia's energy chief slams nations for using emergency oil reserves to manipulate prices and warns of future pain from supply shortages

Countries shouldn't use emergency reserves to lower prices, as that could lead to more pain in future supply shortages, Saudi Arabia's energy chief warned.