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BumRushDaShow

(129,111 posts)
Thu Jun 2, 2022, 05:44 PM Jun 2022

Biden and Saudi crown prince planning to meet later this month

Source: CNN

(CNN) President Joe Biden and Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, are planning to meet later this month after two key deals were reached on Thursday following months of diplomatic heavy lifting by the US. In a surprise announcement on Thursday, OPEC and allied oil-producing nations revealed that they plan to increase oil production by 200,000 barrels per day in July and August, leading to praise from the White House for Saudi Arabia's role in "achieving consensus" and facilitating the boost.

While a small amount in the grand scheme of things, the move is being viewed by Biden administration officials as a significant breakthrough in the diplomatic relationship. One official described it as a "huge shift" after nearly a year of the Saudis flatly refusing US requests to increase production, even when oil prices were at record highs last year. Biden separately announced on Thursday that a truce in Yemen had been extended, similarly heaping praise on the Saudis for demonstrating "courageous leadership by taking initiatives early on to endorse and implement terms of the UN-led truce."

The timing of the announcements is deliberate, the official said, and is laying the groundwork for a likely meeting this month between Biden and bin Salman. As CNN has previously reported, because Saudi Arabia currently holds the presidency of the Gulf Cooperation Council, any engagement between Biden and the crown prince would likely coincide with a meeting of the council in Riyadh later this month. A separate White House official told CNN that a meeting is not yet finalized but that if the President "determines that it's in the interests of the United States to engage with a foreign leader and that such an engagement can deliver results, then he'll do so."

A former senior intelligence official with knowledge of the planning told CNN that all sides are "still working" to finalize the meeting "but things are working out." "But any decisions on the trip will be determined in part with the security and logistics requirement that go with a presidential trip," the former official added. A meeting between American and Saudi leaders would have once been considered routine but now marks a significant shift due to the recent strain in the relationship. Biden has not engaged directly with bin Salman, considered the day-to-day ruler of Saudi Arabia, since taking office, opting instead to speak directly with the crown prince's father, King Salman, the ailing 86-year old monarch.

Read more: https://www.cnn.com/2022/06/02/politics/mohammed-bin-salman-joe-biden-meeting/index.html



OPEC and allied oil-producing nations revealed that they plan to increase oil production by 200,000 barrels per day in July and August


Someone was working behind the scenes doing sumpin'.
29 replies = new reply since forum marked as read
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Biden and Saudi crown prince planning to meet later this month (Original Post) BumRushDaShow Jun 2022 OP
Watch out for that globe President Biden! . .... Lovie777 Jun 2022 #1
LOL BumRushDaShow Jun 2022 #2
Terrible decision. OnDoutside Jun 2022 #3
He does not have any better choice videohead5 Jun 2022 #10
And so the cycle continues.... OnDoutside Jun 2022 #14
I don't like it either videohead5 Jun 2022 #15
And in the shorter time we need the Dems to win the midterms. OnDoutside Jun 2022 #24
Yes! videohead5 Jun 2022 #27
Yes, and it's gutting to give that murderous bastard what he wants OnDoutside Jun 2022 #28
Fuck MBS and the House of Saud. Evolve Dammit Jun 2022 #4
It's time to tell the Saudi head choppers to fuck off once and for all. Magoo48 Jun 2022 #13
Agreed. This goes back to the Bush and Bin Laden family connections circa 1930. Concrete and oil Evolve Dammit Jun 2022 #16
I read earlier they were boosting production by over 1/2 million barrels a day oldsoftie Jun 2022 #5
The OP article listed about 1/4 million barrels per day BumRushDaShow Jun 2022 #7
HEre's the CNBC article; oldsoftie Jun 2022 #8
Ahhh okay. "OPEC+" (which has some extra countries in it) BumRushDaShow Jun 2022 #9
Yes, I'm not very happy with india's refusal to join the civilized world. oldsoftie Jun 2022 #12
Have the Secret Service scan for bone saws. Marcuse Jun 2022 #6
How about outlawing price goughing! Come on Congress, do your job eom LittleGirl Jun 2022 #11
I get it, but I don't like it. Realpolitik requires that alternative sources of energy be secured Martin68 Jun 2022 #17
How does Saudi Arabia benefit? 867-5309. Jun 2022 #18
... BumRushDaShow Jun 2022 #19
Since Biden came to office, and with his disdain for the current rulers in the Kingdom Calista241 Jun 2022 #20
Not Saudi, MBS. With the Ukrainian conflict ongoing, MBS has the OnDoutside Jun 2022 #25
bin Salman has some explaining to do Red Mountain Jun 2022 #21
going to be some tension in that room when the cameras are off....... Takket Jun 2022 #22
Biden has generally dealt with MBS's dad Salman bin Abdulaziz, who is still King BumRushDaShow Jun 2022 #23
I think you have the incorrect read on it. Biden needs Saudi to OnDoutside Jun 2022 #26
Biden's meeting with Saudi crown prince pushed back to July muriel_volestrangler Jun 2022 #29

BumRushDaShow

(129,111 posts)
2. LOL
Thu Jun 2, 2022, 07:01 PM
Jun 2022

He was on the Senate Foreign Relations Committee for 33 years (and served as Chair during the latter part of that time before being tapped to be VP). He knows that family all the way back to the '70s.

videohead5

(2,178 posts)
10. He does not have any better choice
Thu Jun 2, 2022, 10:04 PM
Jun 2022

This is about oil and OPEC can ramp up oil production in a few days. President Biden is trying to keep us out of a recession.

OnDoutside

(19,962 posts)
14. And so the cycle continues....
Fri Jun 3, 2022, 01:45 PM
Jun 2022

I understand what you are saying but I feel that there's a touch of jumping from the frying pan to the fire

videohead5

(2,178 posts)
15. I don't like it either
Fri Jun 3, 2022, 02:03 PM
Jun 2022

It's going to take time to get off of fossil fuels but in the short run we need more oil.

videohead5

(2,178 posts)
27. Yes!
Sat Jun 4, 2022, 10:55 AM
Jun 2022

If President Biden can get OPEC to produce more oil, gas prices will come down and help. The world needs probably 5 to 10 million more barrels a day to lower oil and gas prices.

OnDoutside

(19,962 posts)
28. Yes, and it's gutting to give that murderous bastard what he wants
Sat Jun 4, 2022, 12:25 PM
Jun 2022

but his time will come too. Right now, beating Putin is all that matters.

oldsoftie

(12,558 posts)
5. I read earlier they were boosting production by over 1/2 million barrels a day
Thu Jun 2, 2022, 08:02 PM
Jun 2022

Beginning in July.
LONG overdue.

BumRushDaShow

(129,111 posts)
7. The OP article listed about 1/4 million barrels per day
Thu Jun 2, 2022, 09:15 PM
Jun 2022

but if the "lack of supply" talking point as the supposed reason for the price gouging, can be removed before the election, then so be it.

oldsoftie

(12,558 posts)
8. HEre's the CNBC article;
Thu Jun 2, 2022, 09:18 PM
Jun 2022
https://www.cnbc.com/2022/06/02/oil-prices-eu-sanctions-russia-saudi-arabia-output-opec.html
"OPEC+ will increase production by 648,000 barrels per day in both July and August."

In a normal world, oil futures would respond positively tomorrow. I wonder.

BumRushDaShow

(129,111 posts)
9. Ahhh okay. "OPEC+" (which has some extra countries in it)
Thu Jun 2, 2022, 09:39 PM
Jun 2022


The estimates of the supposed removal of Russian oil on the market (other than expected sales to China) is completely leaving out India, which has suddenly more than quadrupled its purchases of what is now cheap Russian oil (last I saw, it was selling for something like $45/bbl) after India barely used them as a source previously. I had posted that LBN here - https://www.democraticunderground.com/10142923926



Previously -

oldsoftie

(12,558 posts)
12. Yes, I'm not very happy with india's refusal to join the civilized world.
Fri Jun 3, 2022, 06:49 AM
Jun 2022

I know there are many small countries who have passed up on joining in the fight against russia, but India has the size to make an impact.

Martin68

(22,822 posts)
17. I get it, but I don't like it. Realpolitik requires that alternative sources of energy be secured
Fri Jun 3, 2022, 05:39 PM
Jun 2022

in order to soundly defeat Putin.

 

867-5309.

(1,189 posts)
18. How does Saudi Arabia benefit?
Fri Jun 3, 2022, 05:57 PM
Jun 2022

I get there's some optics to having the president visit, but how tangible is the value? I assume increasing production will adversely affect their bottom line.

Calista241

(5,586 posts)
20. Since Biden came to office, and with his disdain for the current rulers in the Kingdom
Fri Jun 3, 2022, 07:19 PM
Jun 2022

the Saudis have been courting the Chinese. The Chinese are more than happy to provide weapons, buy oil, and be their new best friend. The Saudi's are close to a deal accepting the Yuan as payment for oil, which is a mid / long term direct threat to the supremacy of the dollar in the world economy.

OnDoutside

(19,962 posts)
25. Not Saudi, MBS. With the Ukrainian conflict ongoing, MBS has the
Sat Jun 4, 2022, 07:18 AM
Jun 2022

US by the short and curlies. That Biden is even contemplating traveling to see him just shows how desperately they need Saudi Arabia to increase the oil supply. However I fear we will get that infamous Trump Mittens dinner of 2016.

Red Mountain

(1,735 posts)
21. bin Salman has some explaining to do
Fri Jun 3, 2022, 09:24 PM
Jun 2022

maybe he'll bring a peace offering. A video of Jared begging for cash, for instance. No doubt he has one.

If he's talking to the Chinese wellllll......good luck and good riddance. We're going to be done with them as soon as they start replacing American weapons and advisors with Chinese ones.

And that won't turn out well for bin Salman.

Takket

(21,578 posts)
22. going to be some tension in that room when the cameras are off.......
Fri Jun 3, 2022, 10:43 PM
Jun 2022

MBS is going to try to shake down Biden for lower oil prices. but he needs us more than we need him. Biden won't fall for it

BumRushDaShow

(129,111 posts)
23. Biden has generally dealt with MBS's dad Salman bin Abdulaziz, who is still King
Sat Jun 4, 2022, 05:49 AM
Jun 2022

as Biden has known him for years (before MBS was even born). MBS is younger than Biden's kids.

He had connected with Salman just a few months ago - https://www.whitehouse.gov/briefing-room/statements-releases/2022/02/09/readout-of-president-joseph-r-biden-jr-s-call-with-king-salman-bin-abdulaziz-al-saud-of-saudi-arabia/

Readout of President Joseph R. Biden, Jr.’s Call with King Salman bin Abdulaziz Al-Saud of Saudi Arabia

February 09, 2022 • Statements and Releases

President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss regional developments and issues of mutual concern, including Iranian-enabled attacks by the Houthis against civilian targets in Saudi Arabia. The President underscored the U.S. commitment to support Saudi Arabia in the defense of its people and territory from these attacks and full support for UN-led efforts to end the war in Yemen. The President noted his commitment to ensuring that Iran can never obtain a nuclear weapon and briefed the King on ongoing multilateral talks to reestablish constraints on Iran’s nuclear program. The two leaders discussed matters pertaining to the Middle East region and Europe and agreed that their teams would remain closely coordinated over the coming weeks and months. Both leaders further reiterated the United States’ and Saudi Arabia’s commitment to ensuring the stability of global energy supplies.

###



Any meeting with MBS would probably be because MBS was designated as the day-to-day "operational manager" of stuff going on there but I expect that "dad" is still in charge.

OnDoutside

(19,962 posts)
26. I think you have the incorrect read on it. Biden needs Saudi to
Sat Jun 4, 2022, 07:50 AM
Jun 2022

increase the oil supply, to lower pump prices definitely but to give the EU an alternate supply. As it is the EU have kicked the can down the road by banning Russki oil at the end of the year.

muriel_volestrangler

(101,322 posts)
29. Biden's meeting with Saudi crown prince pushed back to July
Sun Jun 5, 2022, 07:36 AM
Jun 2022
(CNN)A meeting between President Joe Biden and Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, is now expected to happen next month, according to an administration official.

Biden is still expected to travel later this month to Germany and Spain for the G7 and NATO summits respectively.

Officials determined that two separate trips -- one to Europe and one to the Middle East -- would allow for more time to plan and set a schedule and agenda.
...
"We are pleased that President Biden is taking a step back and evaluating his priorities for this Saudi trip," Terry Strada, the group's [9/11 Families United] national chair, said in a statement. "The September 11th community looks forward to his engagement with us."

https://edition.cnn.com/2022/06/04/politics/biden-mohammed-bin-salman-saudi-meeting/index.html
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