icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
18 Mar, 2022 01:04

UK fails to secure promise of more oil from Saudi Arabia, UAE

Boris Johnson ended his trip to Riyadh and Abu Dhabi without securing pledges to increase crude supplies
UK fails to secure promise of more oil from Saudi Arabia, UAE

UK Prime Minister Boris Johnson’s bid to secure the assistance of Middle East oil exporters in pressuring President Vladimir Putin to end Moscow’s military offensive in Ukraine has come up empty, failing to win any immediate pledges from Saudi Arabia and the UAE to increase crude production.

Johnson ended his trip to the Arabian Peninsula on Wednesday after meetings with Crown Prince Mohammed bin Salman in Riyadh and Crown Prince Mohammed bin Zayed in Abu Dhabi. He came away without persuading the kingdoms to announce any ramp-up of oil supplies as the UK, US and their allies try to persuade the world to cut off their imports from Russia to punish Putin.

Asked by a reporter whether Saudi Arabia would boost output, he replied, “I think you need to talk to the Saudis about that. But I think there was an understanding of the need to ensure stability in global oil markets and gas markets and the need to avoid damaging price spikes.”

International crude prices soared to a 13-year high earlier this month as the Ukraine crisis escalated. While Johnson’s attempt at oil diplomacy brought no immediate results, he at least was able to get an audience with the Saudi and UAE leaders. The White House was reportedly unable to even arrange phone calls for President Joe Biden with the two crown princes.

Johnson faced some criticism for meeting with bin Salman after Saudi Arabia executed 81 convicted criminals last weekend. The UK prime minister assured reporters that he would lecture the two OPEC titans about human rights, but those talks apparently went over no better than his efforts to secure more oil supplies. Saudi Arabia reportedly executed three more people during the short time Johnson was in Riyadh.