\n \n \n “. concat(self. i18n. t(‘search. voice. recognition_retry’), “\n
JEDDAH, Saudi Arabia (Reuters) – Saudi Crown Prince Mohammed bin Salman told an Arab-American summit on Saturday that unified efforts are needed to shore up the global economy and that unrealistic policies related to energy resources will only lead to inflation. .
“The adoption of unrealistic policies to reduce emissions through primary energy resources will lead in the coming years to unprecedented inflation, an increase in energy costs and unemployment and a worsening of serious social and security problems,” he said.
The de facto leader of the world’s largest oil exporter said COVID-19 and the geopolitical scenario required more joint efforts to the global economy and that demanding environmental situations required a “realistic and responsible” technique to gradually move to sustainable energy sources.
The summit brought together U. S. President Joe Biden with leaders of six Gulf Arab states and Egypt, Jordan and Iraq. Biden held bilateral talks with Saudi leaders on Friday in Jeddah.
U. S. officials said Biden would discuss energy security with leaders of Gulf oil makers and expects to see more OPEC action to increase production, but bilateral announcements are unlikely after the talks.
The United States is eager to see Saudi Arabia and its OPEC partners pump more oil to reduce the maximum gas load and reduce the highest U. S. inflation in four decades.
(Reporting via Ghaida Ghantous; Editing through Mark Potter and Clelia Oziel)