- Nations shouldn't use emergency oil reserves to manipulate prices, Saudi Arabia's energy chief warned.Saudi Arabia's energy chief Prince Abdulaziz bin Salman blasted nations' use of emergency oil reserves to manipulate prices, warning of more pain for energy markets in the event of future shortages.While the excess supply helped keep a lid on energy inflation, it's putting oil markets under pressures, Energy Aspects' Amrita Sen said last week, as that's "not what [the reserves are] meant to be used for.""It is my profound duty to make clear to the world that losing emergency stocks may be painful in the months to come," the prince said at a conference on Tuesday, per Reuters.Turkey's foreign minister told US leaders to stop "bullying" Saudi Arabia for the production cut, and Indonesia's finance minister said the West's economic sanctions on Russia, such as the price cap plan for Russian oil, were creating uncertainty for commodity exporters, which likely influenced the production cut in the first place."