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France Host Saudi's MBS in Bid for Higher Oil Production

OIL

French President Emanual Macron hosts Saudi Crown Prince Mohammed bin Salman (MBS) in France today.

  • Macron wants Saudi Arabia, the world's largest oil exporter, to raise production.
  • The meeting follows two weeks after Biden flew to the Middle East with a similar agenda that failed to yield any results.
  • Instead, Saudi and its partners have reiterated that oil production targets are an OPEC+ matter and have failed to take a political stance on Russia’s invasion of Ukraine.
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French President Emanual Macron hosts Saudi Crown Prince Mohammed bin Salman (MBS) in France today.

  • Macron wants Saudi Arabia, the world's largest oil exporter, to raise production.
  • The meeting follows two weeks after Biden flew to the Middle East with a similar agenda that failed to yield any results.
  • Instead, Saudi and its partners have reiterated that oil production targets are an OPEC+ matter and have failed to take a political stance on Russia’s invasion of Ukraine.