World’s leading manufacturers Petroleum There is overall idle capacity and supply is likely to increase after the President’s visit America, Joe Bidento do Middle Eastsaid the US energy envoy to the summit with Arab countries.
Speaking on the CBS show “Face the Nation”. Amos HochsteinSenior Advisor Department of State for Energy Security, said: “Based on what we’ve heard on the trip, I’m sure we’ll see some more steps in the coming weeks.”
Hochstein did not say which country or countries would increase production or by how much.
Biden visited Saudi Arabia On Friday, as part of his first trip as US president to the Middle East, he hopes to broker a deal on oil production to help lower oil prices. Petrol.
US gasoline prices hit 40-year high inflammation And dropped their ranking in opinion polls.
Expensive oil is leading to an unprecedented rise in US fuel prices
“It’s not just about Saudi Arabia… we met GCC And with Saudi Arabia. I won’t look at how much idle capacity Saudi Arabia has United Arab States And Kuwait etc. but has additional passive capacity. There is an opportunity to increase the production,” he said.
If GCC Gulf Cooperation Council and include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Biden did not commit to an immediate increase in oil production or a regional security axis that included Israel at the Arab summit.
Hochstein also said he expects U.S. gasoline prices to fall toward $4 a gallon after surpassing $5 a gallon earlier this year for the first time in history.
Money Times Top 10 Investments!
We are very happy to share with you, our reader, that Money Times has been certified as one of the 10 largest Brazilian ventures in the digital universe in investments. Through open voting and a panel of experts, the iBest Award 2022 will define the top three in the category. If you trust our content to keep you informed about your investments, Vote here!
“Internet evangelist. Writer. Hardcore alcoholaholic. Tv lover. Extreme reader. Coffee junkie. Falls down a lot.”
Portal PUC-Campinas » » Brazil-UK Technology Ecosystem Mescla is the theme of the event
US Vice President Addresses China’s Influence on Africa Trip – Money Times
Russian warplanes are attacking US bases in Syria daily