UAE, Saudi Arabia Pumping Oil Near Limits: Macron ...Middle East

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UAE, Saudi Arabia Pumping Oil Near Limits: Macron
source : OILPRICE ( Middle East ) () 16
The UAE and Saudi Arabia's oil production is nearing their limit, French President Emmanuel Macron told his U.S. counterpart during the G7 meeting this week. The French president was referring to a conversation he had with the rule of the Emirates, as caught by Reuters. According to the cited conversation, the UAE was already "at maximum," Macron told Biden. Whether that was referring to the maximum as allowed by OPEC quotas or maximum capacity remains unclear. "And then he [Sheikh Mohammed bin Zayed al-Nahyan] said (the) Saudis can increase by…

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