PRODUCTION CAP This handout photo released by the Saudi Royal Palace shows Saudi Crown Prince Mohammed bin Salman (center) attending the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia’s Red Sea coastal city of Jeddah on Saturday, July 16, 2022 (July 17 in Manila). AFP PHOTORIYADH: Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday (Sunday in Manila) the kingdom will increase oil production to 13 million barrels per day at most, the Saudi Press Agency reported. Saudi Arabia won't have the capability to raise production further, the crown prince was quoted as saying. The crown prince said unrealistic energy policies would lead to higher inflation, urging unified efforts to support the world economy at a time of profound challenges. Biden attended the summit on the last day of his first Middle East tour since taking office in early 2021.

Source: Manila Times July 18, 2022 04:29 UTC