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Macron tells Biden that UAE, Saudi can barely raise oil output

GARMISCH-PARTENKIRCHEN, Germany (Reuters) -French President Emmanuel Macron said on Monday the president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan (MbZ), had told him two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production.
Saudi Arabia United Arab Emirates Garmisch Partenkirchen Jan Harvey Jon Boyle Zayed Al Nahyan Mb

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Kuwait investing to meet any OPEC output increase | Hellenic Shipping News Worldwide

Kuwait Petroleum Corporation chief said on Tuesday the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand. “We are making the investments necessary to ensure that we can meet any new increases in terms of allocations and also ...
Ad Daw Ah Andrew Mills Sheikh Nawaf Saud Al Sabah Nadine Awadalla Maha El Dahan Jon Boyle

Russia to channel oil and gas revenues into state spending in 2022 – minister | Hellenic Shipping News Worldwide

Russia will channel oil and gas revenues into state spending this year, Finance Minister Anton Siluanov said on Monday. Siluanov, presenting the budget policy plan for the next three years, said Russia’s budget policy would tighten progressively as the central bank’s monetary policy softens. Source: Reuters (Reporting by Reuters; Editing by Jon Boyle)
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