Page 15 - MEOG Week 10 2022
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MEOG                                       NEWS IN BRIEF                                              MEOG








       POLICY                              over the killing of journalist Jamal Khashoggi   But the Saudis and Emiratis have declined
                                           in 2018.                             to pump more oil, saying they are sticking to
       Gulf leaders decline Biden’s        the restrained U.S. response to recent missile   a production plan approved between their
                                             The Emiratis share Saudi concerns about
                                                                                group, the Organization of the Petroleum
       calls during Ukraine crisis         strikes by Iran-backed Houthi militants in   Exporting Countries, and a group of other
                                                                                producers led by Russia. The energy alliance
                                           Yemen against the U.A.E. and Saudi Arabia,
       The White House unsuccessfully tried to   officials said. Both governments are also   with Russia, one of the world’s top oil
       arrange calls between President Biden and   concerned about the revival of the Iran   producers, has enhanced OPEC’s power while
       the de facto leaders of Saudi Arabia and the   nuclear deal, which doesn’t address other   also bringing the Saudis and Emiratis closer to
       United Arab Emirates as the U.S. was working   security concerns of theirs and has entered the   Moscow.
       to build international support for Ukraine and   final stages of negotiations in recent weeks.   Both Prince Mohammed and Sheikh
       contain a surge in oil prices, said Middle East   The White House has worked to repair   Mohammed took phone calls from Russian
       and U.S. officials.                 relations with two key Middle Eastern   President Vladimir Putin last week, after
         Saudi Crown Prince Mohammed bin   countries it needs on its side as oil prices   declining to speak with Mr. Biden. They both
       Salman and the U.A.E.’s Sheikh Mohammed   push over $130 a barrel for the first time in   later spoke with Ukraine’s president, and a
       bin Zayed al Nahyan both declined U.S.   almost 14 years. Saudi Arabia and the U.A.E.   Saudi official said the U.S. had requested that
       requests to speak to Mr. Biden in recent   are the only two major oil producers that   Prince Mohammed mediate in the conflict,
       weeks, the officials said, as Saudi and Emirati   can pump millions of more barrels of more   which he said the kingdom is embarking on.
       officials have become more vocal in recent   oil—a capacity that, if used, could help calm   WSJ
       weeks in their criticism of American policy in   the crude market at a time when American
       the Gulf.                           gasoline prices are at high levels.
         “There was some expectation of a phone   Brett McGurk, the National Security   OIL
       call, but it didn’t happen,” said a U.S. official   Council’s Middle East coordinator, and Amos
       of the planned discussion between the Saudi   Hochstein, the State Department’s energy   UN signs agreement to
       Prince Mohammed and Mr. Biden. “It was   envoy, both travelled to Riyadh late last month
       part of turning on the spigot [of Saudi oil].”   to try to mend fences with Saudi officials. Mr.   offload oil from Yemen’s
         Biden did speak with Prince Mohammed’s   McGurk also met with Sheikh Mohammed
       86-year-old father, King Salman, on Feb. 9,   in Abu Dhabi in a bid to address Emirati   FSO Safer
       when the two men reiterated their countries’   frustrations over the U.S. response to the
       longstanding partnership. The U.A.E.’s   Houthi attacks.                 Officials from the United Nations and Yemen’s
       Ministry of Foreign Affairs said the call   The call with Sheikh Mohammed in early   Houthi represents independently confirmed
       between Biden and Sheikh Mohammed would  February was expected to focus on ways the   that progress continues to be made to address
       be rescheduled.                     two countries could counter Houthi attacks   the FSO Safer anchored off Yemen holding
         The Saudis have signalled that their   from Yemen.                     1.1 million barrels of crude oil. Last month,
       relationship with Washington has deteriorated   One U.S. official said the Biden   during a briefing to the UN Security Council,
       under the Biden administration, and they   administration has worked diligently to   UN envoys to Yemen reported that they
       want more support for their intervention in   strengthen Saudi and Emirati missile defences,  believed they had a tentative path forward to
       Yemen’s civil war, help with their own civilian   and that America would be doing more in the   address the environmental risk from the aging
       nuclear program as Iran’s moves ahead, and   coming months to help the two Gulf nations   vessel that had been accepted by the rebels
       legal immunity for Prince Mohammed in the   protect themselves. It may not be all the two   that control the region of the country.
       U.S., Saudi officials said. The crown prince   countries want, the official said, but the U.S. is   ”A memorandum of understanding has
       faces multiple lawsuits in the U.S., including   trying to address their security concerns.   been signed with the United Nations for the






























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