The official said Riyadh would "respond to any action with a bigger one", pointing out that the oil superpower "plays an effective and vital role in the world economy".
"Saudi Arabia threatening oil flows at a time when the U.S.is implementing sanctions on Iran exports in coordination with Saudi Arabia shows the tenuous position oil markets are in", he said.
The statement did not elaborate.
The anxieties were exacerbated by an opinion piece penned by Turki Al Dakhil, who heads the state-owned Arabiya news network and is close to the Royal Court, in which he openly talked about using oil as a weapon.
It's unclear, however, whether Saudi Arabia would be willing to unilaterally cut production.
The Arab News' headline was above a front-page editorial by Dubai-based real-estate tycoon Khalaf al-Habtoor, calling on Gulf Arab nations to boycott worldwide firms now backing out of a planned economic summit in Riyadh later this month. "This has raised concerns that the Saudis may use oil as a tool for retaliation if any sanctions or other action is taken against it", Patterson said.
Already, worldwide business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as 'Davos in the Desert'.
Uber's absence carries a special sting, given both the size of the Saudi investment and its significance for the kingdom's economic reform plans. Chief Executive Jamie Dimon; and Ford Motor Co.
Separately, Reuters news agency on Monday reported that Turkish police were in possession of an audio recording that indicates Khashoggi was killed in the consulate, citing two anonymous officials.
Late Sunday, Saudi King Salman spoke by telephone with Turkish President Recep Tayyip Erdogan about Khashoggi.
As the United States and Turkey have ratched up pressure on the kingdom, Saudi companies, officials and princes have also gone online in a wave of solidarity with the ruling family.
Prince Mohammed has aggressively pitched the kingdom as a destination for foreign investment.
But concern over the disappearance has seen media organizations and a growing number of attendees pull out of a "Davos in the Desert" investment conference set for October 23-25, which has become the biggest show for investors to promote Saudi Crown Prince Mohammed bin Salman's reform vision.
Investors have taken fright, prompting Saudi stocks to tumble by around seven percent at one point on Sunday, wiping out their gains for 2018.
Japanese SoftBank's shares also took a dive on Monday, falling by almost seven percent over fears for its major financial ties with Saudi Arabia.
On Monday, shares in SoftBank skidded more than 7 per cent on the Tokyo stock exchange.
La firma contaba con 89 mil empleados a febrero, según su declaración ante la SEC, así como con 547 tiendas Sears y 432 Kmart . La gota que derramó el vaso fue un pago de deuda de 134 millones de dólares que vencía este lunes y que no pudo pagar.
The reporter also included video of him and another journalist standing outside the woman's apartment door asking her questions. In the initial clip outside the store she can be heard saying, "the son grabbed my a**".
He also noted that Alqasem served as president of "one of the most extreme and hate-filled anti-Israel BDS groups in the U.S. ". Hebrew University meanwhile issued a statement saying it "regrets the decision" not to allow Alqasem to study in Israel .
But this time, the bitchers, moaners and punch-bowl turds were vastly outnumbered by people realizing just what they watched. It's hard to blame Hill for scoring when he had the chance, but the Chiefs made the worst mistake you can against Brady.
Entre los más destacados, figura el cambio de gobierno en Paraguay y el cambio de funcionarios en la secretaría de deportes. Contra estos rivales, y ante la crisis económica , para Argentina el sueño mundialista se hizo imposible.
La pareja se comprometió el pasado mes de junio y en verano se mudaron a un apartamento de Nueva York para vivir juntos. La cantante Ariana Grande y el comediante Pete Davidson terminaron su relación , publicó la revista People .
Esta toma simultánea es coordinada por el Consejo Supremo Indígena , en la que exponen que en ésta emblemática fecha, los pueblos y comunidades originarias conmemoran el Día de la Dignidad, Resistencia y Lucha de los Pueblos Originarios .
An adorably grumpy Mia Tindall has stolen the show in the official royal wedding photos of Princess Eugenie and Jack Brooksbank . More photographs were taken at the private evening reception held at Royal Lodge in Windsor later the same day.
The prices vary from region to region due to local taxes, as the product is excluded from the Goods and Services Tax regime. Import dependence has only increased since then and the government is now looking for ways to raise domestic output.
Vunipola brothers both injured in Saracens' win
Nick Isiekwe hurt his calf or his ankle too and that's why he wasn't able to continue on the field. "But it is the way it is". Two more forwards, Maro Itoje and Jamie George suffered broken noses.
German police free hostage at Cologne train station
Deutsche Bahn said the station will be closed until further notice and all traffic - including long-distance - has been suspended. COLOGNE, GERMANY - OCTOBER 15: Police stand outside Cologne main railway station on October 15, 2018 in Cologne, Germany.
El insólito deseo de Mauro Icardi
Incluso los chicos la cantan, la tienen en la tablet y el teléfono. "Llegué cuando era un niño. Con respecto al club neroazzurro confesó que "me gusta cuando los hinchas cantan 'Amala' ".