{{ subpage.title }}

Biden Wants Saudis to Increase Oil Production & Russia Out of OPEC+ | World In :60 | GZERO Media

Biden could get Saudis to push Russia out of OPEC+

Ian Bremmer shares his insights on global politics this week on World In :60.

What does Biden hope to come from his trip to Saudi Arabia?

Well, first he hopes he isn't smashed by progressives in his own party after saying when he campaigned that he wanted to make Saudi Arabia into a pariah internationally. Traveling to Saudi Arabia and visiting with Mohammed bin Salman doesn't do that, but of course, $120 plus oil doesn't do that either. Look, I think it's sensible for him to go. I'm glad he's actually making the trip. In particular, he wants to see the Saudis increasing their oil production beyond present announced quotas to reduce the price. It's impacting Americans at the pump with record levels right now. He'd love to see Russia thrown out of OPEC Plus. I think that's plausible and beyond that, the possibility that Saudi Arabia and Israel would formally open diplomatic relations, an extension of the Abraham Accords which was one of the biggest accomplishments in foreign policy of the Trump administration. Biden's completely aligned with that and I think he's going to try to push on that. So, I do think there will be some direct takeaways from this trip that'll be positive for the Biden administration.

Read Now Show less

Subscribe to GZERO Media's newsletter, Signal

Latest