Tuesday, 15 March 2022

Boris Johnson to Travel to #UAE, #SaudiArabia in Push for More Oil, Sources Say - Bloomberg

Boris Johnson to Travel to UAE, Saudi Arabia in Push for More Oil, Sources Say - Bloomberg

U.K. Prime Minister Boris Johnson is expected travel to the United Arab Emirates and Saudi Arabia this week, 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. He will travel to Riyadh later the same day. There, he’ll meet Saudi Crown Prince Mohammed bin Salman, according to a U.K. government spokesman.

“There are no quick fixes,” the spokesman, Max Blain, said to reporters in London. “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.”

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