Tel Aviv With his trip to Saudi Arabia, US President Joe Biden wanted to improve relations with the country. It should be encouraged to produce more oil in order to ease the oil markets. In addition, Biden wanted to report the USA back as an important player in the Middle East. Washington wants to prevent China and Russia from gaining more influence in the Middle East.
In fact, the Saudi Crown Prince Mohammed bin Salman announced during Biden’s visit that he wanted to increase the maximum possible oil production capacity from the current twelve to 13 million barrels. In addition, the kingdom has run out of capacity to increase production any further, he said. However, the crown prince did not make any promises that he would actually produce more oil.
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