inp.polri.go.id – Jakarta. The White House said Saudi Arabia was committed to increasing oil production in July and August. This is considered to help stabilize the market significantly.
The commitment from Saudi Arabia comes after bilateral meetings between President Biden, and US administration officials, with King Salman bin Abdulaziz Al Said and Crown Prince Mohammed bin Salman, as well as Saudi Ministers, in Saudi Arabia.
"Saudi Arabia has committed to supporting the balance of the global oil market for sustainable economic growth," the White House said, quoted from Foxnews, Saturday (16/7). "We welcome a 50% increase in production levels for July and August. These steps and the further measures that we have planned over the coming weeks have and will greatly help stabilize the market,” stated the White House statement regarding the deal.
During the meeting, the White House said Biden welcomed the signing of the bilateral Partnership Framework to advance clean energy with new Saudi investments and "accelerate the energy transition and combat the effects of climate change."
The White House said the framework focuses primarily on solar, green hydrogen, nuclear and other clean energy initiatives.
"By building on the existing collaborations between energy experts in our country, we seek to enhance our efforts to tackle climate change and advance the greater spread of clean energy resources around the world," he explained.
