President Biden Considers Meeting Saudi Crown Prince As Oil Prices Soar

The New Diplomat
Writer
President Biden Considers Meeting Saudi Crown Prince As Oil Prices Soar

Ad

Alleged Christian Genocide: Shehu Sani accuses Nicki Minaj of stoking tensions to appease Trump

By Obinna Uballa Former Kaduna Central senator, Shehu Sani, has issued a stern rebuke to Grammy-winning rapper Nicki Minaj, accusing her of exploiting Nigeria’s security challenges to win favour with United States President Donald Trump. His criticism comes amid a deepening diplomatic rift between Abuja and Washington over allegations of a “Christian genocide” in Nigeria.…

Tinubu postpones G20, AU-EU trips amid outrage over Kebbi abductions, Kwara church attack

By Obinna Uballa President Bola Tinubu has postponed his planned trip to South Africa and Angola following fresh security breaches in Kebbi and Kwara States that have heightened national anxiety. The President was scheduled to depart Abuja today for the 20th G20 Summit in Johannesburg and later proceed to Luanda for the 7th AU-EU Summit…

Why Big Oil Is Still Gushing Profits Despite Low Oil Prices

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3. Exxon’s breakeven has fallen to ~$40/bbl through automation and efficiency gains. Shell and TotalEnergies leveraged market volatility from new Russia sanctions, with trading profits soaring as Shell’s U.S. trading arm generated $1…

Ad

U.S. President Joe Biden could meet with Saudi Arabia’s Mohammed bin Salman, or MbS, as soon as next month, anonymous sources told CNN on Thursday.

Biden officials are now in the middle of talks with Saudi Arabia about a potential meeting when the President is in Saudi Arabia for the Gulf Cooperation Council meeting next month.

President Biden has been vocal in his criticism of MBS while on the campaign trail and throughout his presidency over Saudi Arabia’s human rights record and after a CIA report that determined MBS had ordered Khashoggi’s capture and murder.

President Biden has been in communication with Saudi Arabia’s King Salman but has, until recently, refused to speak with the Crown Prince, the de facto ruler of Saudi Arabia.

The White House has nevertheless attempted to prompt both Saudi Arabia and the UAE to increase crude oil production in an attempt to lower crude oil prices – and as a result, gasoline prices. In March, the Wall Street Journal reported that both the Crown Prince of Saudi Arabia and Sheikh Mohammed bin Zayed of the UAE had declined requests for direct communication with the U.S President regarding crude oil.

Saudi Arabia’s Crown Prince has indicated that he hoped Washington would do more to strengthen bilateral relations. The latest test balloon floated by the Administration that suggested Biden could be looking to meet with MBS could be interpreted as an attempt at that strengthening.

So far, both Saudi Arabia and the UAE, along with Brazil, have been unwilling or unable to ramp up crude oil production in response to the United States’ pleas.

Mohammad bin Salman’s younger brother visited Washington this week to meet with U.S. Security Advisor Jake Sullivan and other officials.

The attempt to meet with MBS will likely cost President Biden some points among human rights supporters at home.

NB: Julianne Geiger wrote this article for Oilprice.com

Ad

X whatsapp