The prince was designated by the United States as the intellectual author of the 2018 murder of opposition journalist Jamal Khashoggi., which occurred at the Saudi consulate in Istanbul. This signal caused many countries to avoid doing business with the monarchy, which caused the crown prince to be very isolated internationally. This situation has changed recently, especially given the need for the country, second oil producer behind the United Statesincrease its production of crude oil to reduce the price.
German government spokesman, Steffen Hebestreit, He said when Scholz’s trip was announced that the issue “will certainly play a role” in talks with bin Salman, who has always denied authorizing the crime. In July of this year Bin Salman received the American president, Joe Bidenand met in Paris with the French president, Emmanuel Macron.
These approaches take place in a context of rise in international oil prices which, since the beginning of the Russian invasion of Ukraine in March, have skyrocketed and hit historic levels. Since the military incursion, Europe has applied sanctions to Russiawho decided between his last moves cut off the gas supply to the mainland, with Germany being particularly dependent on this supply given its energy structure. It is worth clarifying that winter is approaching on the continent, which has not yet resolved the supply of energy. Regarding scarcity, it is added that prices add pressure on cost of living, which is why governments are implementing measures to alleviate the weight of tariffs on the population and production. Meanwhile, Germany analyzes nationalize Russian supplier companies to continue operating and ensure the supply.
Scholz plans to travel today to United Arab Emirates and tomorrow go to qatar, specified the AFP news agency. During this tour, the German head of government is expected to sign contracts, particularly in the Emirates, for the supply of liquefied natural gas (LNG).
Saudi Arabia joins the Organization of the Petroleum Exporting Countries (OPEC)which was in favor of reduce production to prevent prices from falling due to excess supply. It also analyzes setting a price above US$100 a barrel, also to reduce the volatility in the input.
Source: Ambito
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