Boris Johnson visits Saudi Arabia and the UAE in pursuit of additional oil flows

Boris Johnson visits Saudi Arabia and the UAE in pursuit of additional oil flows
March 16, 2022, 6:34 am

Boris Johnson-UK Prime Minister/Official Facebook page

U.K. Prime Minister Boris Johnson travels to the United Arab Emirates and Saudi Arabia on Wedenesday, as pressure mounts on the OPEC members to raise oil output.

The visit comes as Russia’s invasion of Ukraine roils energy markets, driving crude prices close to $100 a barrel.

Johnson is tentatively scheduled to meet the de facto ruler of the UAE, Mohammed bin Zayed, and energy officials in Abu Dhabi on Wednesday, two of the people said, declining to be named as the information is not public.

Acording to a U.K. government spokesman, he will travel to Riyadh later the same day. There, he’ll meet Saudi Crown Prince Mohammed bin Salman.

Mohammed bin Salmàn-Saudi Arabia Crown Prince (File photo: Facebook page)

The spokesman, Max Blain, said to reporters in London: “There are no quick fixes," adding that “This is this is something that is a global challenge. You need to have global solution. I don’t think it will be fixed in one visit.”

Johnson himself said the trip is part of an effort to wean Europe off Russian energy.

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He said: “We have to make sure other producers are doing what they can.” Johnson added that the price rise has to be dealt with “in any way we can.”

Source: bloombergquint

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