Dubai, United Arab Emirates (CNN) — Saudi Crown Prince Mohammed bin Salman’s reports of his country’s ability to increase daily oil production to 13 million barrels sparked widespread interaction among activists on social media, with some calling it “major news.”
#CrowdPrinceMohammedBinSalman presents the most important message for the global #energy sector as #TheKingdom announced that it will increase its production capacity to 13 million per day to increase production. That means invest or suffer the consequences. #OOTT for #Jeddah_Summit_Security_and_Development https://t.co/tRkYanbJf7
The Saudi prince’s statements came during the Jeddah summit on Saturday, in front of US President Joe Biden and representatives and leaders of the Gulf Cooperation Council countries, except for Egypt, Jordan and Iraq. International efforts are necessary for the recovery of the global economy and “unrealistic policies” on energy will lead to unprecedented inflation.
Crown Prince Mohammed bin Salman: The Kingdom will play its part in this area because it announced that it will increase its production capacity to 13 million barrels per day, after which the Kingdom will have no additional capacity to increase production. # Jeddah_Summit_Security_Development https://t.co/o74ud2oeLt
The Saudi crown prince clarified that the kingdom will play its part in increasing the “maximum sustainable capacity” of crude oil above 13 million barrels per day.
Crown Prince Mohammed bin Salman at the Jeddah Summit: – Saudi Arabia previously announced it would increase its production capacity to 13 million barrels per day – after that, the Kingdom will have no additional capacity to increase production # Jeddah_Security_and_Development_Summit https://t. Associate/JWOLDHlZdr
The Saudi Crown Prince added, “Adopting unrealistic policies to reduce emissions, bypassing key energy sources and not taking into account the impact of these policies on the social and economic pillars of sustainable development and global supply chains, will lead to unprecedented inflation, fuel price hikes, rising unemployment and It exacerbates serious social and security problems, including poverty, famine, rising crime, extremism and terrorism.
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