Thread by @MumbaichaDon

UAE Energy minister Suhail Al Mazrouei has asserted that Russia’s oil is needed to meet global energy demands & Russia is irrepplacable. Unless someone provides amount of oil required to substitute Russia, it's impossible to bring Global Oil Supply at par with demand.

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Note that Russia supplies 10 million Barrels per day. Venezuela can supply max 1.7 Million Barrels per day & Iran 3.8 Million. That TOO... ONLY if Sanctions are lifted from over them. STILL.... that's 5.5 Million Barrels per day.

What about shortfall of 4.5 Million?

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UAE & Saudi can....BUT have REFUSED to increase output Unilaterally as The OPEC+ energy alliance is led JOINTLY by Saudi & Russia

This is why Biden wants to complete Iran Deal urgently as US Inflation is already getting beyond control + now Oil Prices.

You did it, Joe.

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@MandarSawant184 @MeSavarkar @pallavict @ThePollLady