Boris Johnson fails to secure public oil rise pledges after talks with Saudi, UAE
British Prime Minister. Boris Johnson held talks about energy security. Wednesday with the de facto leaders of Gulf oil exporters Saudi Arabia and the. The United Arab Emirates secured no public Boris Johnson fails to pledge to ramp up production.
Johnson’s trip to Abu Dhabi and. Riyadh was aimed at securing oil supplies and raising pressure. President Vladimir Putin over Russia’s invasion of. Ukraine, which led to sweeping. Western sanctions on Moscow and soaring world energy prices.
Johnson’s office said that in his meeting with. Abu Dhabi. Crown Prince Sheikh. Mohammed bin Zayed al-Nahyan stressed the need to work together to stabilize global energy markets.
Boris Johnson fails After his talks in Riyadh with Saudi Arabia’s Crown Prince Mohammed bin. Salman, Johnson was asked whether the kingdom would increase oil production.
“I think you’d need to talk to the Saudis about that. But I think there was an understanding of the need to ensure stability in global oil markets and gas markets,” he said.
Ties under strain…
So far Saudi Arabia and the UAE, whose close ties with. Washington is under strain, has snubbed. U.S. pleas to ramp up oil production to tame the rise in crude prices that threatens global recession after the. Russian offensive in Ukraine.
“The world must wean itself off Russian hydrocarbons and starve. Putin’s addiction to oil and gas,” Johnson said before his meetings. “Saudi Arabia and the United. The Arab Emirates are key international partners in that effort.”
The two Gulf states are among the few. OPEC oil exporters with spare oil capacity to raise output and potentially offset supply losses from Russia. But they have tried to steer a neutral stance between. Western allies and Moscow, their partner in an oil producers’ grouping known as OPEC+.
The group has been raising output gradually each month by 400,000 barrels a day, resisting pressure to act more quickly.
The UAE remains committed to the. OPEC+ deal, a source with knowledge of the matter told. Reuters before the meeting.
It has deepened ties with Moscow and. Beijing in the last few years and abstained last month in a. U.S.-drafted United Nations Security Council resolution to condemn the invasion of. Ukraine, which Russia has described as a “special military operation”.
Johnson “set out his deep concerns about the chaos unleashed by. Russia’s unprovoked invasion, and stressed the importance of working together to improve stability in the global energy market”, his office said after his talks in Abu Dhabi.
Johnson and the crown prince also agreed on the need to bolster security, defense, and intelligence cooperation to counter threats. Houthi forces who have fought a lengthy conflict in. Yemen against Saudi and UAE forces.