June 7, 2023

Dubai Week

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Contact Mohammed bin Salman's "important message" about 13 million barrels of oil

Contact Mohammed bin Salman’s “important message” about 13 million barrels of oil

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.”

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.

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.

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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