The United Arab Emirates says it will press OPEC to pump more oil after Russia’s invasion of Ukraine led to soaring fuel prices. The move is a departure from the UAE’s position in recent months in support of higher oil prices that benefited major producers, including Russia and Saudi Arabia. This comes as Biden administration officials have been quietly holding talks with Saudi officials and are reportedly weighing a potential Biden visit to the kingdom to discuss global oil supply.
UAE Asks OPEC to Boost Oil Production as U.S. Presses Saudis over Oil Prices
HeadlineMar 11, 2022