UAE Energy Minister Suhail Al Mazrouei has said the UAE's oil production is near to maximum capacity based on its current OPEC+ production baseline, which is 3.168 million barrels per day. The countries had been viewed as the only two in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could bring down prices. "Second, the Saudis can increase a little bit, by 150 or a little bit more, but they don't have huge capacities at least before six months' time." "He told me two things," Macron told Biden. Macron appeared to tell Biden that Sheikh Mohammed bin Zayed Al Nahyan, the leader of the United Arab Emirates (UAE), had told him that both the UAE and Saudi Arabia could not substantially increase oil production. "Excuse me, sorry to interrupt," Macron said as he approached Biden on the sidelines of the summit, according to a clip posted on Twitter. The incident took place as the leaders of the world's richest nations gathered for the G7 summit in the German Alps, where Russia's ongoing war in Ukraine was at the top of the agenda.
A video captured the moment French President Emmanuel Macron interrupted President Joe Biden on Monday to express doubts that Saudi Arabia could increase its oil capacity.
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