1-5 Now it is official: President Biden to visit #SaudiArabia on July 15 and 16, during his Middle East tour.
After meeting with the Saudi leadership, he will meet with the leaders of what some experts call “the Arab NATO”: GCC leaders, Egypt, Jordan, (& Iraq). #OOTT #COM #EFT
After meeting with the Saudi leadership, he will meet with the leaders of what some experts call “the Arab NATO”: GCC leaders, Egypt, Jordan, (& Iraq). #OOTT #COM #EFT
2-5 Oil is not among top issues given the importance of security issues in the region. My guess is that Saudis are more interested in highlighting their climate change plans & efforts while showing that they actually have been increasing oil production & will continue to do so
3-5 While mega commercial deals are expected, nuclear deals will attract media attention. Saudi Arabia, in its carbon reduction efforts, needs nuclear energy. It remains to be seen if Saudis will continue to invest in the US refining sector
4-5 It remains to be seen what the Biden Administration will do regarding Huthis in Yemen and Hezbollah in Lebanon. Some experts think the US might side with Saudi Arabia against Huthis in Yemen. This will be a significant change #Oil
5-5 Back to #2 above: the Biden Administration knows not to waste political capital on oil: Saudis are increasing production anyway. Any additional increase will arrive in markets after the mid- term elections. The impact on #gasoline is limited because of refining issues. #OPEC
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