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OPEC+ may increase oil output to offset drop in Russia
... that the prince denies. Biden has refused to deal with MbS as a Saudi de-facto ruler. A source briefed on the matter said Washington wanted clarity on oil output plans from Saudi Arabia and the United Arab Emirates before a potential Biden visit to Bahrain for a summit with Gulf Arab leaders, including MbS , in Riyadh. A Gulf source said an impending Biden trip could cause pressure on Gulf OPEC producers to increase production, as they were not named due to the sensitivity of the matter. Biden ...
Updated: 06/02/2022
US plans Middle East trip, including Saudi crown prince
... has unwinded record output cuts as demand recovers from the coronaviruses, but not as fast as the West and other consumers want. A handout picture provided by the Saudi Royal Palace on March 8, 2021 shows Crown Prince Mohammed bin Salman meeting with Bahrain's Crown Prince upon his arrival in Riyadh. Sources said Biden hopes to participate in a Riyadh summit of the Gulf Cooperation Council, a regional union whose members are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates....
Updated: 06/02/2022
US plans Middle East trip for Biden
... record output cuts as demand recovers from the coronaviruses epidemic, but not as fast as the West and other consumers want. Biden is aiming to participate in the Riyadh summit of the Gulf Cooperation Council , a regional union whose members include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The goal would be to hold an annual summit between the United States and the GCC that began during the presidency of Barack Obama. One source said that Washington was looking for ...
Updated: 06/02/2022
Saudi Arabia to increase production capacity to 13 million bpd
... by early 2027, according to the energy minister of Saudi Arabia. Most likely it will be 13.2 to 13.4 million barrels per day, bpd, but that would be reached at the end of 2026, beginning 2027, Prince Abdulaziz bin Salman told an energy conference in Bahrain. If the market allows it, production would be maintained at that level. In March 2020, Saudi Aramco announced that it had been directed by the energy ministry to increase its maximum sustainable capacity from 12 million to 13 million barrels ...
Updated: 05/16/2022
World leaders offer congratulations to UAE's Sheikh Mohamed
... Secretary of State Antony Blinken due on Monday. Due to its wealth, oil resources and strategic location, the high-level visits reflect the increased influence of the UAE in the Middle East and further afield. The guest list also included Qatar's emir, Bahrain's king and the Palestinian, German and Indonesian presidents, among more than 20 senior figures. Sheikh Mohamed , 61, has been controlling the levers of power since 2014 when Sheikh Khalifa, his 73-year-old half-brother, was sidelined by a stroke....
Updated: 05/15/2022
World leaders pay tribute to UAE's Sheikh Khalifa
... was sidelined by a stroke. The cause of his death was not announced. Presidents and monarchs from Egypt, Iraq, Jordan, Oman and Tunisia and Sudan's de facto ruler were among the leaders to offer their condolences on Saturday. On Sunday, Qatar's emir, Bahrain's king and the Palestinian, German and Indonesian presidents were among more than 20 senior officials expected to be among them. In his talks with Sheikh Mohamed, 61, Macron expressed his sincere condolences to his family and the people over Sheikh ...
Updated: 05/15/2022
Bahrain’s king invites Queen to Windsor Horse Show
The king of Bahrain is due to attend the Royal Windsor horse show on Sunday after a personal invitation from the Queen, prompting anger from campaigners who claim the UK is playingwashing what they say is an increasingly repressive regime. The king of Bahrain is ...
Updated: 05/15/2022
UAE president Sheikh Khalifa bin Zayed Al Nahyan dies at 73
... generosity. The UAE would observe a 40 day mourning period with flags flown at half-mast as of Friday and suspend work at all public and private sector entities for three days, the ministry said. There were calls for condolences from Arab leaders, including Bahrain's king, Egypt's president and Iraq's prime minister. In the richest emirate of Abu Dhabi, Khalifa came to power in 2004 and became the head of state. Crown Prince Sheikh Mohammed is expected to be replaced as the ruler of Abu Dhabi. Abu Dhabi,...
Updated: 05/13/2022
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