White House Middle East coordinator Brett McGurk told a group of think tank experts last week that Saudi Arabia and the United Arab Emirates are capable of increasing oil production even more, according to the three U.S. sources who were on the call.
during the summit of Arab leaders and Biden earlier this month that the kingdom "will not have any additional capacity to increase production" after its announced increase to 13 million barrels per day.The Biden administration believes decreasing oil prices will help increase the pressure on Russia over Ukraine.The big picture:
McGurk also told the think tank group that the White House sees Biden’s trip to the Middle East as “very successful," the sources said. The sources added that when asked about the fist-bump between Biden and MBS and the criticism over it, he said: “We work on the meetings, not the greetings." According to the sources, McGurk said Biden told his senior aides on the way back home from the Middle East that the challenge is to the follow up and sustain the momentum formed during the trip.The White House hopes OPEC and its allied producers will increase oil production even more at their scheduled Aug. 3 meeting.Axios on facebook
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fashion From Saudi Arabia in the SpotlightSeriously opulent, luxurious and meticulously crafted fashion, jewelry and accessories by 100 designers from Saudi Arabia are being spotlighted starting Tuesday at the Iron23 event space in Manhattan’s Flatiron neighborhood.
Read more »
Saudi Arabia Releases Video of Dystopian Planned City Dubbed The LineThe ambitious project sounds like something from a dystopian sci-fi movie about the death of the planet.
Read more »
Trump: LIV Golf has been 'great' for Saudi Arabia ahead of event at his courseDonald Trump appears to be a fan of the LIV International Golf Circuit, a new tour backed by the Saudi Arabia sovereign-wealth fund as a challenger to the PGA Tour. Two LIV events will be held at a Trump course this year.
Read more »
Future or fantasy? Designs unveiled for one-building city stretching 106 miles in Saudi Arabia'The Line' is touted as a one-building city in the desert which will stretch over 106 miles and house millions but critics have cast doubt on whether the project is technologically feasible, while others have described the vision unveiled in a flashy promo video as 'dystopian.'
Read more »
Saudi-funded LIV Golf series announces 14-event schedule for 2023The Saudi-funded LIV Golf series announced a 14-tournament schedule for next year with 12 established team franchises and a chance for players to either be promoted or relegated through its series of Asian Tour events.
Read more »