Biden will push for greater oil output on Mideast trip: WH security adviser | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Wednesday
December 06, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
WEDNESDAY, DECEMBER 06, 2023
Biden will push for greater oil output on Mideast trip: WH security adviser

Global Economy

Reuters
12 July, 2022, 09:10 am
Last modified: 12 July, 2022, 09:14 am

Related News

  • Saudi Arabia an important dev partner of Bangladesh: PM Hasina
  • Kremlin says OPEC+ output cuts will kick in later, confirms Putin to visit Gulf
  • Oil holds losses as market fails to shake off post-Opec gloom
  • Record US oil output challenges Saudi mastery
  • Biman increases flights to Middle East

Biden will push for greater oil output on Mideast trip: WH security adviser

Reuters
12 July, 2022, 09:10 am
Last modified: 12 July, 2022, 09:14 am
U.S. national security adviser Jake Sullivan speaks to reporters during a press briefing at the White House in Washington, U.S., July 11, 2022. REUTERS/Kevin Lamarque
U.S. national security adviser Jake Sullivan speaks to reporters during a press briefing at the White House in Washington, U.S., July 11, 2022. REUTERS/Kevin Lamarque

US President Joe Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders in Saudi Arabia this week, White House national security adviser Jake Sullivan said on Monday.

Biden leaves Tuesday night on his first visit to the Middle East as president, with stops in Israel, the occupied West Bank and Saudi Arabia on his agenda.

The trip comes as Biden struggles at home to bring down gasoline prices that have contributed to a dip in his job approval ratings.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Sullivan said members of the Organization of the Petroleum Exporting Countries have the capacity to take "further steps" to increase oil production despite suggestions from Saudi Arabia and the United Arab Emirates that they can barely increase oil production.

"We will convey our general view…that we believe that there needs to be adequate supply in the global market to protect the global economy and to protect the American consumer at the pump," Sullivan added.

Experts say the White House understands Saudi Arabia is unlikely to move unilaterally and that Riyadh and other Gulf nations lack significant spare capacity.

"I think that a surge in Saudi production seems unlikely. I expect some anodyne statements from Saudi Arabia about helping to balance the global oil market, meet global demand, support economic growth and stability among the import countries," said Ben Cahill, a senior fellow at the Center for Strategic and International Studies.

The visit comes as Biden faces criticism at home from human rights groups for plans to see Saudi Crown Prince Mohammed bin Salman, the defacto leader who the US intelligence community concluded was behind the 2018 murder of Washington Post journalist and political opponent Jamal Khashoggi.

In a commentary published in the Washington Post late on Saturday, Biden said his aim was to reorient and not rupture relations with a country that has been a US strategic partner for 80 years.

Sullivan, briefing reporters at the White House, said Biden has not expressed regret about previously referring to Saudi Arabia as a "pariah" for the Khashoggi death.

But he said one of Biden's objectives on the trip will be "publicly and privately advocating for universal values including progress on human rights and political reform."

Iran is expected to be discussed on the trip in a region nervous about Tehran's influence. Sullivan said the United States believes Iran is preparing to provide Russia with up to several hundred drones, including some that are weapons capable, for use in its war against Ukraine.

He said the United States has information that shows Iran is preparing to train Russian forces to use these drones.

World+Biz

Joe Biden / US-Middle East / US National Security Adviser Jake Sullivan / Jake Sullivan / US President Joe Biden / Middle East / Gulf countries / Gulf leaders / Saudi Arabia / Oil Production / OPEC / Oil

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Prime Minister Sheikh Hasina. File Photo: UNB
    Saudi Arabia an important dev partner of Bangladesh: PM Hasina
  • Prime Minister Sheikh Hasina. Sketch: TBS
    PM Hasina 46th on Forbes list of most powerful women
  • File photo: Collected
    BNP now Jamaat's 'B-team': Quader

MOST VIEWED

  • Caption: Illustration: TBS
    Source tax on land registration cut again
  • This file photo from December 2019 shows a rider driving his motorcycle through cold wind and fog. A scene not yet visible this year. Photo: Mumit M
    Woe for seasonal crops, vegetables as winter comes late 
  • File Photo: Reuters
    $1.08 billion could be added to Bangladesh's dwindling forex reserves
  • Photo: Courtesy
    Woman entrepreneur Sangeeta Khan dies at age 62
  • 59 DSE stocks face downgrade to junk category
    59 DSE stocks face downgrade to junk category
  • Dollar pressure rises as short-term foreign debt drops $300m in October
    Dollar pressure rises as short-term foreign debt drops $300m in October

Related News

  • Saudi Arabia an important dev partner of Bangladesh: PM Hasina
  • Kremlin says OPEC+ output cuts will kick in later, confirms Putin to visit Gulf
  • Oil holds losses as market fails to shake off post-Opec gloom
  • Record US oil output challenges Saudi mastery
  • Biman increases flights to Middle East

Features

Dhaka’s FDC,  Japan Garden City and Shia Masjid were all part of Gudaraghat once. PHOTOS:  Syed Zakir Hossain

What the remaining Gudaraghats remind us of Dhaka's long-lost water bodies

6h | Panorama
A trove of research underscores the perilous consequences of relying on plastic utensils, a narrative mirrored by the western world's pivot towards sustainable alternatives - ceramic, brass, or clay dinnerware. PHOTO: TBS

While we lose our sustainable traditions, the West pivots in the opposite direction

5h | Panorama
Ghulam Ali

Ghulam Ali: Voice that makes ghazals bloom

1d | Features
Exploring door designs: Redefining spaces and experiences

Exploring door designs: Redefining spaces and experiences

1d | Habitat

More Videos from TBS

Most Ukrainians are losing interest in going to war

Most Ukrainians are losing interest in going to war

46m | TBS World
Putin to visit UAE and Saudi Arabia

Putin to visit UAE and Saudi Arabia

2h | TBS World
Will the United States - Israel attack Yemen?

Will the United States - Israel attack Yemen?

17h | TBS World
Ukraine faces challenges in securing financing and sustaining energy infrastructure

Ukraine faces challenges in securing financing and sustaining energy infrastructure

5h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net