French President Emmanuel Macron was caught revealing some bad news to President Joe Biden, a bystander at the G7 summit on Monday.
Macron told Biden that OPEC’s top oil exporters have already reached maximum production, telling United Arab Emirates (UAE) ruler Sheikh Mohammed bin Zayed al-Nahyan. Told.
“I called MbZ,” Macron told Biden, referring to Reuters Mohammed bin Zayed al-Nahyan. report.. The comment was heard by Reuters TV. “He told me two things. I’m the biggest, the biggest [production capacity].. This is his claim. “
“And he said [the] Saudi Arabia could increase by 150 [thousands barrels per day].. Maybe a little more, but I didn’t have much capacity until six months ago, “added the French president.
The highest energy officials in the United Arab Emirates responded to the report, saying that the country is producing “almost” its maximum capacity.
“In the light of recent media reports, we would like to clarify that the UAE has a capacity close to its maximum capacity based on the current OPEC + production baseline,” said Energy Minister Suhail Bin. Mohammed Al Mazulowei Tweet..
Macron’s claim is contrary to official data, and if true, it would challenge the global market in the light of Russia’s oil boycott in response to Russia’s invasion of Ukraine. according to To Bloomberg..
Oil prices have risen steadily over the past year, partly due to increased demand after COVID-19 and supply shortages due to restrictions on oil production. Prices worsened further due to Russia’s invasion of Ukraine, but had already risen 55 percent the day before Russia’s President Vladimir Putin’s order.
Biden Domestic energy war Post-inauguration production, including cancellation of the Keystone XL pipeline, ban on new oil and gas leasing on public land, and suspension of sales in several drilling areas in Alaska and the Gulf of Mexico.
Biden will meet Crown Prince of Saudi Arabia Mohammed bin Salman in July as part of his trip to the Middle East. The president had previously vowed to make Saudi Arabia a global “Pariah” after alleged murder. Washington post Journalist Jamal Khashoggi, a Saudi Arabian journalist.
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