Biden Team Spoke to Saudis, UAE About OPEC Talks, Oil Prices
by Jordan Fabian and Josh Wingrove (Bloomberg) Crude have soared as the two countries argue over production; Psaki says White House ‘encouraged’ by ongoing OPEC talks — Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to stem the rise in crude prices, White House Press Secretary Jen Psaki said.
“We’re not a party to these talks but over the weekend and into this week, we’ve had a number of high-level conversations with officials in Saudi Arabia, the UAE and other relevant partners,” Psaki said Tuesday during a briefing at the White House. She declined to specify which U.S. officials were involved but signaled that she didn’t expect President Joe Biden to personally make calls.
The U.S. hopes talks will lead to an agreement that “will promote access to affordable and reliable energy,” she said. READ MORE
Biden’s quest for cheap gasoline tests his climate goals (E&E News)
Gas prices projected to increase up to 20 cents over summer (The Hill)
U.A.E. Pushes to Produce More Crude, Creating OPEC Deadlock — U.A.E. wants to pump more now, so it can invest in diversification before oil demand diminishes (Wall Street Journal)
