"Biden Set to Leave Saudi Arabia With No Announcement on Oil"

"President Joe Biden will leave the Middle East this week with no public announcements on increasing oil supply, people familiar with the matter said.

Biden, who came to office vowing to turn the world’s biggest oil exporter into a “pariah” over the 2018 killing of Washington Post columnist Jamal Khashoggi, said he decided to make the trip to advance US interests and try and curb soaring gasoline prices, which have hurt him politically ahead of mid-term elections.

Biden heads to Saudi Arabia from Israel later on Friday, where he’ll meet with King Salman bin Abdulaziz and his son, Crown Prince Mohammed Bin Salman, the nation’s de-facto ruler. He will meet other leaders from the oil-exporting Persian Gulf on Saturday."

Annmarie Hordern, Jenny Leonard, and Salma El Wardany report for Bloomberg Environment July 15, 2022.

SEE ALSO:

"Joe Biden's Oil Gamble Set to Backfire as Saudi Arabia Sticks With Russia" (Newsweek)

"Biden Is On The Hunt For Higher Oil Production On His Trip To Saudi Arabia. The Odds Are Steep." (NBC News)

"As Alarm Over Plastic Grows, Saudis Ramp Up Production In The US " (Grist)

 

Source: Bloomberg Environment, 07/15/2022