U.S. President Joe Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders in Saudi Arabia this week, White House national security adviser Jake Sullivan said on Monday.
Sullivan said members of the Organization of the Petroleum Exporting Countries have the capacity to take “further steps” to increase oil production despite suggestions from Saudi Arabia and the United Arab Emirates that they can barely increase oil production. “I think that a surge in Saudi production seems unlikely. I expect some anodyne statements from Saudi Arabia about helping to balance the global oil market, meet global demand, support economic growth and stability among the import countries,” said Ben Cahill, a senior fellow at the Center for Strategic and International Studies.
Sullivan, briefing reporters at the White House, said Biden has not expressed regret about previously referring to Saudi Arabia as a “pariah” for the Khashoggi death.
Source: Energy Industry News (energyindustrynews.net)
The Saudi's will stay on the fence with the oil situation to see if Pooty is successful in the Ukraine. They'd like to see America nose dive .
Why would they raise production? It’s not in their best interests to do so.
Gramps is intentionally creating an oil shortage. USA is perfectly capable of increasing supply but instead gramps buys dirty oil from SA and punishes USA producers.
Time to tell OPEC to close shop
Its too bad Trudeau hates Alberta otherwise we could have filled any gaps in energy supply.
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