Riyadh (AFP, Jang News) Saudi Arabia Energy Minister Prince Abdulaziz bin Salman. He has expressed his anger over the release of emergency oil reserves, calling it an attempt to influence the markets.
Apparently, there is a series of controversial statements between the United States and Saudi Arabia. The Chief Executive Officer (CEO) of the American investment company JP Morgan Chase, Jamie Dimon, and the Saudi Minister for Investments, Khalid al-Falih, have said that the United States and Saudi Arabia are long-standing allies and both countries will come out of the current conflict. Speaking at an investment conference in the Saudi capital, Riyadh. He said that people are releasing their emergency reserves, have done so before. As a mechanism to influence the markets while the real purpose is to supply oil.
The shortage was to be eliminate. He said that it is my principled responsibility to make it clear to the world. That the depletion of emergency oil reserves could prove very painful in the coming months. They said that I am getting to hear that you are with us or against us? Is there any scope for this? We are for Saudi Arabia and we are for the Saudi people. On this occasion, he was well receive.
In response to a question about the decades-long friendship between Saudi Arabia and Washington. He said, “I think Saudi Arabia has decided to show wisdom and it doesn’t care, let’s see what happens.” . Prince Abdulaziz did not name America in his statement on the issue of emergency reserves. But last week US President Joe Biden announced the release of 15 million barrels of oil from his strategic reserves. The US has released 180 million barrels of its strategic reserves since the Ukraine war to control oil prices.
On the other hand, a three-day Davis-style investment conference began in Riyadh, the capital of Saudi Arabia, in which big and famous investors participated. But it is a manifestation of coming forward. The conference, which is expected to be attended by the chief executives of 400 US companies, the organizer of the conference said last week that no US government officials have been invited to attend the conference. The Chief Executive Officer (CEO) of the American investment company JP Morgan Chase, Jamie Dimon, and the Saudi Minister for Investment, Khalid al-Falih, have said that Saudi Arabia and the United States will probably resolve their current problems.
Speaking at the sixth edition of the Forum on Investment (FII) conference in Riyadh, Khalid al-Falih described the tension with the US as a “conflict” from which both sides would come out. Jamie Dimon echoed his point, saying, “The longtime allies are likely to work out their issues.”